$Circle(CRCL.US)CRCL’s current behavior looks like a classic decoupling phase. It’s no longer trading cleanly with crypto prices or the broader blockchain equity basket. A big reason is stock-specific flow: post-IPO supply, profit-taking, and funds rebalancing exposure. On top of that, CRCL is being valued more like a financial infrastructure company than a pure crypto beta, so it reacts less directly to coin moves. When narratives shift, correlation breaks — that’s what’s happening now.

@Bridge Buzz SG