Circle’s Top Bear Capitulates, But Warns Shares Remain a Crypto Roller Coaster
A high-profile bear on Circle has publicly capitulated, coinciding with a re-rating of the company’s stock driven by stronger correlation to ether and expanding exposure to decentralized finance. Market participants say growing revenue links to ETH-driven activity and DeFi integrations have improved investor sentiment, prompting reassessment of Circle’s growth outlook despite earlier skepticism.
That upbeat shift comes with caveats: analysts warn valuation levels and intensifying competition among stablecoin and crypto infrastructure providers keep downside risks elevated. For investors, the key takeaway is that Circle’s improving crypto alignment can lift upside — but it also turns the share into a higher-beta play tied to ether movements, DeFi flows and regulatory signals, so expect continued volatility.