Why is CRCL bouncing back here?

I have mentioned many times the importance of monitoring the USDC circulation. If you really want to trade CRCL, pay close attention to this every day --- Look at the mkt cap of USDC since 11/21, and check CRCL stock price's reaction since 11/21

https://coinmarketcap.com/currencies/usd-coin/

 

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