$Circle(CRCL.US)The candlestick chart dipped straight down to the 6-month moving average today — looks like a lot of money is pulling out…
Every time volume ticks up, it gets slammed. This is peak short-term trading behavior.
The pace of buying and selling has clearly accelerated, and 70 is a major hurdle on the chart.
The correlation with Bitcoin on-chain activity is also super interesting — whenever the sector gets emotional, everything gets dragged down with it.
Funds are extremely fickle right now. Honestly, the earlier rally was too strong, so giving some back now is normal.
If we’re talking about stability, this stock always goes to extremes whenever the U.S. market sneezes.
No point overthinking the short term — let’s see who gets harvested.
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