Compare to the other symbols in that set: a square refers to the drying process, with the contents being how to dry it. A circle instead of a square means no drying process, so it shouldn't get wet in the first place - hence dry-cleaning.
At least that's how I see it, it could also just have been the last obvious symbol remaining after square/triangle were taken.
Then you'd just have a drop, but true, there are three states - dry clean ok, dry clean bad, dry clean mandatory (where the first is do either, but that could be indicated with no symbol at all).
At least that's how I see it, it could also just have been the last obvious symbol remaining after square/triangle were taken.