Crypto Market Overview This Week: Circle Prepares Earnings, Major Tokens Set to Unlock Hundreds of Millions

💰 Highlights: Circle Internet Announces Financial Results Amid Sharp Stock Drop

The event that crypto investors are most interested in this week is the quarterly financial report of Circle Internet, the company that issues USDC and EURC – two of the world’s largest stablecoins.

Despite being expected to explode after the popularity of stablecoins, Circle’s stock has fallen more than 65% from its peak due to market pressure and a slowdown in growth.

According to data from Artemis, over the past 30 days:

Transaction volume fell 24% to $2.4 trillion.

Active addresses fell 6% to 13.2 million.

Total transactions fell 8%, reflecting weak demand in the short term.

Analysts predict Circle's new quarterly revenue could reach $700 million, but the recent drop in interest rates could directly impact its USDC yield. Notably, Circle's stock unlock will take place in December, which is believed to be a factor that could continue to cause volatility in the stock price in the short term.

🔓 A series of projects prepare for large-scale token unlocks

In parallel with earnings reports, the market this week also witnessed a wave of token unlocks from many prominent projects - a factor that can create strong price fluctuations.

Here are the most notable unlocks:

Astar Network (ASTR): Unlocked 200 million tokens, worth approximately $210 million. Currently, about 25% of the total supply is in circulation.

Linea: Will release 2.88 billion tokens (estimated to be worth $35 million) on Monday, in an effort to expand liquidity for the Layer-2 ecosystem.

Starknet (STRK): Unlocked 163 million tokens, expected to have a major impact on supply as STRK's market cap is currently only around $628 million.

Zebec Network (ZBC): Will issue 1.04 billion tokens, one of the largest unlocks of the week.

Sei Network (SEI): Unlocked $21 million worth of tokens, attracting special attention from investors as SEI is highly appreciated for its transaction speed and practical applications.

In addition, Chainbase, Boba Network and Gods Unchained will also carry out smaller-scale unlocks, which could put temporary pressure on the altcoin market.

📊 Overall market sentiment

Bitcoin is currently trading around the $99,000-$101,000 range, down nearly 12% over the past month after peaking at $111,000. The total cryptocurrency market capitalization has fallen to $3.4 trillion, reflecting a slight withdrawal from institutional investors.

Analysts say:

“This period is a time of market rebalancing, as major projects unlock tokens and investors wait for signals from the financial results of key companies like Circle.”

🔍 Conclusion: A Crucial Week for Market Sentiment

This week is seen as a pivotal moment to assess the strength of inflows into the crypto market:

If Circle reports positive results, it could spark renewed confidence in stablecoins and the DeFi market.

If the unlocks create strong selling pressure, investors could see a broad short-term correction.

While short-term volatility is inevitable, many experts believe the market is preparing for a new accumulation cycle, especially as macro factors (such as low interest rates and ETF inflows) still support the long-term trend of crypto.