QQQM Return Rate
Traded Value$Circle(CRCL.US)CRCL bounced pretty hard right near support yesterday, which at least shows buyers are still defending the stablecoin/crypto narrative for now.
But the real key is still Bitcoin. Lately CRCL has been trading much more like a liquidity proxy than a pure rates story, so if BTC stabilizes and holds momentum, CRCL probably gets room to recover further too.
If BTC loses structure again though, these high-beta crypto equities can roll over very fast. Right now it still feels more like a technical reset than a full trend break.
@Bridge Buzz SG
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