Matrixport: Circle Earnings Preview - High Short Positions Hedging Growth Narrative

Matrixport released a chart analysis indicating that Circle is about to release its quarterly financial report, and the market is paying close attention to the performance of the stablecoin sector. The chart shows that Circle's stock price has corrected after its initial surge following its IPO, while the short-selling ratio has continued to rise, with short positions remaining high. The analysis suggests that although stablecoins are still considered an important structural growth area in the digital asset sector, the market is currently relatively cautious about Circle's short-term performance. From a valuation and expectation perspective, the financial report does not include overly high growth assumptions. If actual performance exceeds expectations, the high short positions could amplify stock price volatility. Overall, Circle is currently at a crossroads between industry growth logic and trading dynamics, and its future performance will depend on the financial report release.