CRCL's Q4 results were outstanding, with EBIT of 167 million and net profit of 133 million. Its forward P/E ratio is only around 30. Given that it's unlikely to fall below 50 USDT in the past few weeks, it's probably reached a bottom. Even if Bitcoin drops to 30,000-40,000 USDT later, CRCL is unlikely to make new lows.