CRCL · 三阶段目标兑现 · 后市策略 First Target Reached · Forward Strategy
早在2月份的「交易机会」报告中，团队在短期低位发出买入讯号，当时量化交易买卖讯号系统同步于低位确认入场信号。此后股价持续上升，在3月18日左右触及短期高点约$136。团队提前给出的第一及第二阶段兑现价位均先后成功达到，整体录得显著回报，恭喜跟随「交易机会」操作的会员们。所有操作记录均已公开于会员平台，供会员随时核对对照。
In February's "Trading Ideas" report, the team issued a buy signal at a near-term low, with the quantitative trading signal system simultaneously confirming the entry at that level. The stock subsequently rallied to a short-term high of approximately $136 around March 18. Both the first and second stage price targets set in advance by the team were successfully reached, generating substantial returns. Congratulations to all members who followed the "Trading Ideas" framework. All trade records are documented on the member platform and available for members to verify at any time.
3月18日见顶之后，量化交易系统于次日即显示回调讯号并发出卖出提示，其后股价连续调整，截至今日（2026年4月29日）现报约$95左右。希望各位会员也有善用量化交易买卖讯号系统捕捉这段波幅。这再次印证，当股价短期急升、进入极度超买区间时，须结合当时市场趋势，分阶段进行高抛低吸，以锁住利润并降低持仓成本。
Following the peak on March 18, the quantitative trading system issued a pullback alert and sell signal the very next day. The stock has since corrected continuously, trading at approximately $95 as of today, April 29, 2026. The team hopes members were able to capture this range using the quantitative trading signal system. This once again demonstrates that when a stock surges sharply in the short term and enters an extreme overbought zone, it is important to combine market trend analysis with a staged approach to selling into strength and buying on weakness — to lock in gains and reduce overall cost basis.
再次提醒各位会员：市场瞬息万变，会员应根据自身情况因应市场动态及时作出适合自己的操作判断，无需等候团队每次发出报告提醒。很多时候团队并没有足够时间逐一提示每一个买卖机会，所有建议已清楚列明于「交易机会」及研究报告之中，参考给出的区间操作即可，是次操作亦是如此。
Members are reminded once again: markets move rapidly, and each member should respond to market changes according to their own situation and risk tolerance, without waiting for the team to issue a report for every move. The team often does not have sufficient time to flag every single entry or exit opportunity. All recommendations are clearly stated in the "Trading Ideas" and research reports — simply reference the given ranges to manage your positions accordingly, as was the case with this trade.
另外提醒新会员：当某只股票短期升幅过急时，可将量化交易买卖系统切换至较短的时间周期。例如平时惯看日线或4小时线，当短期升幅过急、希望在高风险区间更早收到提示时，可将周期缩短至30分钟甚至15分钟，系统将能更早发出讯号。同时建议结合Sub Chart指标，包括Sigma · 顶底捕捉交易系统及Zone · 热度预警交易系统，再配合支撑位与压力位等多指标综合研判，不建议依赖单一指标操作，以避免假突破与假跌破的风险。但此操作视乎每位会员的风险偏好，宜灵活运用。
A note for newer members: when a stock surges sharply in the short term, consider switching the quantitative trading signal system to a shorter timeframe. For example, if you typically monitor the daily or 4-hour chart, shortening the period to 30 minutes or even 15 minutes during periods of rapid price acceleration will allow the system to detect signals earlier and alert you sooner. It is also recommended to incorporate Sub Chart indicators, including the Sigma · Top & Bottom Detection Trading System and the Zone · Heat Alert Trading System, combined with support and resistance levels and other multi-indicator analysis. Relying on a single indicator is not advised, as this helps avoid false breakouts and false breakdowns. This should be applied flexibly according to each member's individual risk preference.
Circle Internet Group（CRCL）是全球领先的稳定币发行商，主要产品为USDC（全球第二大美元稳定币）。公司业务涵盖稳定币发行、储备收入、支付网络及区块链基础设施（包括Arc网络）。2025财年全年收入及储备收入达27亿美元，同比增长64%；Q4单季收入达7.70亿美元，同比增长77%；调整后EBITDA为5.82亿美元，同比增长104%。Q4净收入1.33亿美元，大幅超出市场预期，主要驱动因素为USDC流通量持续扩大及储备利息收入增长。
Circle Internet Group (CRCL) is a leading global stablecoin issuer whose flagship product is USDC, the world's second-largest US dollar-denominated stablecoin. The company's business spans stablecoin issuance, reserve income, payment networks, and blockchain infrastructure, including the Arc network. For fiscal year 2025, total revenue and reserve income reached $2.7 billion, up 64% year-over-year. Q4 single-quarter revenue came in at $770 million, up 77% year-over-year. Adjusted EBITDA was $582 million, up 104% year-over-year. Q4 net income of $133 million significantly beat expectations, driven primarily by growth in USDC circulation and reserve interest income.
业务进展方面，公司已推出Circle Payments Network（CPN）托管支付服务；Arc区块链测试网运行表现强劲，正常运行时间接近100%，交易最终确认时间仅0.5秒，主网计划于2026年内上线。公司亦与OSL等合作伙伴持续扩展USDC的全球可及性。下一季度财报预计于2026年5月11日发布。
On the business front, the company has launched the Circle Payments Network (CPN) custody payment service. The Arc blockchain testnet has demonstrated strong performance, with near 100% uptime and a transaction finality time of 0.5 seconds; the mainnet is scheduled to go live in 2026. The company continues to expand USDC's global reach through partnerships with OSL and other collaborators. The next quarterly earnings report is expected on May 11, 2026.
挑战方面，公司面临与Drift协议黑客事件相关的集体诉讼，Clarity Act监管草案可能限制稳定币被动收益，对股价造成一定压力。部分分析师亦关注毛利率收缩压力。
On the challenges front, the company faces a class action lawsuit related to the Drift protocol hack. The proposed Clarity Act draft legislation, which could limit passive stablecoin income, has also weighed on the stock. Some analysts have flagged margin compression as an ongoing concern.
机构持股方面，机构持股比例约52%至65%，过去12个月机构净流入显著，共377家机构买入，总流入超108亿美元，显示长期资金对Circle平台的持续信心。ARK、Vanguard等知名机构均有布局。内部人士交易方面，过去6个月净买入约62.78万股，但近期有高管按10b5-1计划进行套现，包括首席产品与技术官Nikhil Chandhok卖出约104万美元股份、总裁Heath Tarbert卖出1.5万股，整体内部人士持股约10.85%。团队研判，上述大额卖出多属计划性套现安排，并非看空讯号。
On institutional ownership, the institutional holding rate stands at approximately 52% to 65%. Over the past 12 months, net institutional inflows have been significant — 377 institutions have been buyers, with total inflows exceeding $10.8 billion, reflecting sustained confidence among long-term capital in the Circle platform. Notable institutions including ARK and Vanguard have established positions. On insider activity, net purchases over the past six months total approximately 627,800 shares. However, recent insider sales under 10b5-1 plans include Chief Product and Technology Officer Nikhil Chandhok selling approximately $1.04 million worth of shares, and President Heath Tarbert selling 15,000 shares. Overall insider ownership stands at approximately 10.85%. The team's assessment is that these large sales are predominantly planned, scheduled disposals rather than bearish signals.
团队已就CRCL最新市况完成综合评估，并按12至24个月分段分阶段目标价制定了完整的后市操作策略。
The team has completed a comprehensive assessment of CRCL's latest market developments and has formulated a full forward strategy based on phased price targets spanning 12 to 24 months.
