Bitcoin is being accumulated on a weekly basis using a pyramid strategy – buying more when price declines and less when it rises, reflecting long-term bullish conviction.
A newly formed stablecoin consortium (OUSD) backed by 149 major firms including Visa, Mastercard, and Stripe threatens Circle's business model. The consortium will share reserve income with partners, directly undermining Circle's main profit source. Circle's stock sell-off is justified, and the competitive pressure is likely to persist.