Circle's post-earnings surge nears 50% as short squeeze, not strong financials, fuels rally
#Markets Circle Stablecoins market analysis 10x research Markus thielen Mizuho Bank News
The sharp movement was mainly driven by hedge funds' crowded bearish positions being liquidated, not the company's actual financial performance, according to one 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.
