Tonight's Circle opening has quite a bit of divergence.

The bearish folks believe that Circle is a bit like forcing a duck to the shelf, continuously raising the fundraising price and issuing more stocks, feeling like they want to cash in on this wave, even using Coinbase's experience of being halved after its opening for this Circle situation.

On the bullish side, the reasoning is simple and straightforward: BlackRock has bought in, stablecoin crypto legislation, the strongest stablecoin's first stock balabala...