Gate News reports that on March 10, Circle (CRCL) stock price increased by 9.7%, with a total gain of 86% over the past month. Analysts point out that the escalation of tensions in Iran has caused crude oil prices to rise approximately 35% since February 28, intensifying inflation expectations and potentially forcing the Federal Reserve to delay interest rate cuts. Additionally, stablecoin issuers benefit from investing in US dollars to generate returns, and a high-interest-rate environment is generally favorable for them. Furthermore, Markus Thielen, founder of 10x Research, stated that the recent surge was also influenced by trader positioning, as hedge funds accumulated large short positions ahead of earnings reports. The company’s strong Q4 performance triggered a high probability of short covering. Currently, Circle’s short positions account for about 13% of the circulating shares.
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