Postingan

Everyone's watching AI earnings next week. I'm watching Circle. There are four major earnings reports coming up: Palantir, AMD, SpaceX, and Circle. The first three matter, but most of what they can tell us has already been reflected in the latest tech giant earnings. The market has spent months pricing in one question: Is AI demand real, or is it just hype? At this point, even if those reports surprise, the marginal impact is likely to be limited. Circle is different. We've already seen three important signals from the crypto side: Coinbase revenue fell 18.5% Robinhood's crypto revenue dropped nearly 40% USDT growth has stalled All three point to the same story: crypto activity is cooling. But one question is still unanswered: Is capital actually leaving the market, or is it simply changing containers? That's where Circle comes in. If USDC circulation is still growing, it suggests the money hasn't disappeared—it's sitting on the sidelines, waiting for a compliant way back into the market. If USDC also starts shrinking, then we're looking at genuine net outflows, meaning the stablecoin market itself is contracting. That makes Circle's earnings about much more than one company. It's a read on whether institutional capital is still waiting at the door. The growth of compliant stablecoins could be one of the clearest leading indicators of that trend. For me, that's the report that matters most next week. $BTC $ETH #DailyOrbit #DailyOrbit $BTC $ETH $SNDK