CRCL took a brutal -20% nosedive with that big red candle. Looks like some major bulls who bought the dip are cashing out big time... This rapid sell-off has shifted the trend away from continued rebound and upward movement. Guess it’s a good chance for CRCL to take a breather. The short-to-mid-term bullish news driving the hype and FOMO funds has pretty much run its course. What’s next? Adjustment, consolidation, and a more complex price action. The next opportunity to go long will come with liquidity expansion + a stronger crypto market. That might take a really, really long time. CRCL