A major bullish whale on the Circle chain has accumulated positions at an average price of $87 and has already captured the second wave of the upward trend.

Chainthink

Release Time: 03/05/2026 08:02:16

Summary

A bullish trend is emerging on the Circle chain as a major whale, starting with address 0xbcd, has opened a 10x leveraged long position in CRCL totaling $2.2 million at an average entry price of $87.1. The whale accumulated positions between $89 and $84, capturing the second wave as the price rose from $80 to $105. On-chain data reveals a floating profit of $370,000 (23%). In the past hour, address 0x467 added a $1.14 million long position at $104, with a liquidation price at $98.8.

ChainThink report, March 5: According to Coinbob Hot Address Monitoring, the whale with address starting in 0xbcd currently holds a 10x leveraged long position on CRCL (Circle mapping contract), with a position size of $2.2 million at an average price of $87.10, making it the largest long on CRCL on the Hyperliquid platform. The address also holds 13 other positions in cryptocurrencies and on-chain stocks, with a total position value of $21.6 million.

This position was opened on February 27, during a pullback following the initial surge of Circle's on-chain price from $62 to $90, with consistent long accumulation occurring between $89 and $84.

According to Hyperliquid data, Circle’s on-chain stock price surged significantly again from around $80 on March 2, reaching a high of $106 and currently trading at $105. After accumulating positions in batches during the price consolidation phase, this whale has successfully captured the second leg of the rally, with current unrealized profits reaching $370,000 (23%).

Additionally, over the past hour, traders with addresses starting in 0x467 entered long positions in CRCL with 10x leverage at an average price of $104, building a position size of $1.14 million, with a very narrow liquidation range at $98.8.

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