Targeting sub $150 for my tp. HTF $CIRC will go to sub $50. It remains wildly overvalued with multiple bearish catalysts including:
1) lost $USDC moat as more banks and issuers compete for customers
2) declining tbill yield leading to tighter margins
3) large investor unlock at the end of the year

Started scaling some @circle puts today for Sept downside protection in my portfolio. Mindshare is finally waning slightly as the current hot ball of money moves to digital asset treasuries (DATs).
In the end $CIRC is wildly overvalued. It may take a circuitous path but ultimately this shitter is destined for about $50.

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