Circle's main bullish position recently entered at an average price of $87, capturing the second round of price increase.

BlockBeats News, March 5th, according to Coinbob Popular Address Monitoring, a whale with an address starting with 0xbcd currently holds a 10x leveraged CRCL long position (Circle mapping contract), with a position size of $2.2 million, an average price of $87.1, making it the largest long position on CRCL on the Hyperliquid platform. It also holds a total of 13 positions in cryptocurrencies and on-chain stocks, with a total position size of $21.6 million.

This position was opened on February 27th, during a pullback period after the price of Circle on-chain stock rose from $62 to $90 in the first round. The whale continued to build its position and add to longs in the range of $89 to $84.

According to Hyperliquid data, the price of Circle on-chain stock surged again from around $80 on March 2nd, reaching a high of $106, currently trading at $105. After gradually building its position during the price volatility, the whale has successfully captured the second round of the uptrend, with the current unrealized profit of $370,000 (23%).

In addition, in the past 1 hour, a trader with an address starting with 0x467 entered at an average price of $104, opening a 10x leveraged CRCL long position with a position size of $1.14 million, with a very narrow liquidation range at $98.8.