Circle's post-earnings surge approaches 50%, driven by short squeeze rather than strong financials
#Markets Circle Stablecoins market analysis 10x research Markus thielen Mizuho Bank News
The sharp move was caused by overcrowded bearish positions in hedge funds being forced out, not by the company's financial performance, according to an analyst.
The violent move had more to do with hedge funds' overcrowded bearish positioning getting wiped out than the companyβs financial performance, one analyst pointed out.
