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📊 Next week's earnings calendar could be important—but one report may matter more than the rest. The key names reporting include: • Palantir • AMD • SpaceX • Circle The first three will provide another read on AI demand and enterprise spending. After the recent wave of big tech earnings, much of that narrative has already been priced into the market, so the biggest surprises may be behind us. The report I'm watching most closely is Circle. Recent crypto-related earnings have painted a mixed picture: • Coinbase reported weaker revenue. • Robinhood's crypto revenue declined. • Stablecoin growth has slowed. That raises an important question: Is capital leaving crypto, or is it simply moving into different vehicles? Circle's results could offer another clue. 📈 If USDC circulation continues expanding, it may suggest capital is still waiting on the sidelines in regulated, dollar-backed assets. 📉 If USDC also weakens, it could point to broader capital outflows from the digital asset ecosystem. The bigger issue isn't just Circle's earnings—it's what they reveal about institutional liquidity and whether fresh capital is still preparing to enter the market. For $BTC and $ETH, that could be one of the more meaningful signals to watch next week. Market observations only. $BTC $ETH $SOL #30YrYieldTopOrStart #USJapanYenIntervention #EarningsWeekAhead