News

BlockBeats news, on March 11, according to CRCL (Circle), the price has continued to surge in the past two days, reaching an intraday high of $121 today, with the contract currently quoted at $117 on Hyperliquid. The largest long address for CRCL on the platform has seen its floating profit expand to $460,000 (38%), with a position size of $4.33 million at an average price of $104. This position was opened five days ago, and additional long positions have been continuously added near $102 in the following days. It is reported that this address is also the largest long holder of EWY (Korean ETF) on-chain, with a position size of about $6.5 million at an average price of $128. After the sharp decline in the Korean stock market, the holder bet on a price rebound, and the floating profit has now reached 26%, with weekly account gains of $850,000.

Jinse Finance reported, according to market sources: Bitcoin mining company MARA has just transferred 298 BTC to Cumberland. Previously, it announced a new policy allowing the sale of its bitcoin reserves, and more bitcoin miners have started to resell their assets. (CryptoQuant)

Golden Ten Data reported on March 11 that Norbert Rücker, Head of Economics and Next Generation Research at UBS Wealth Management, stated in a research report that the oil price shock may still be temporary. The oil market has calmed down from the unusually intense price fluctuations on Monday, and the main market dynamics have not changed. The scale of production shutdowns is expanding, while policymakers are seeking measures to address the energy price shock. However, he still believes that this oil price shock may only be a short-term phenomenon.