Whale Positions Early, Rides Second Wave of Circle's Soaring Value
On March 5, on-chain analytics revealed a major trader with address starting 0xbcd building a substantial long position in a synthetic representation of Circle’s stock. The trader opened a leveraged long worth $2.2 million at an average price of $87.1, using 10x leverage on a decentralized derivatives platform—now the largest single long exposure to the asset.
Buying the Dip: Strategic Entry After Initial Rally
The position was initiated on February 27, during a pullback phase after the first surge from $62 to $90. Instead of chasing momentum, the whale accumulated steadily between $84 and $89, demonstrating disciplined timing and strong conviction in a rebound.
Second Surge Confirmed, Profit Hits 23%
From March 2, the price reignited its climb, jumping from around $80 to a peak of $106, now trading near $105. Thanks to the well-timed entry, the position has generated over $370,000 in unrealized profit—a solid 23% return, successfully capturing the second leg of the rally.
New Bulls Enter at Peak, Risk Levels Rise
In the last hour, another trader (address starting 0x467) entered at $104, opening a $1.14 million long with 10x leverage and a narrow liquidation zone at $98.8. This late entry suggests sustained bullish sentiment, though vulnerability to volatility is increasing.
- Average Entry Price: $87.1
- Current Price: $105
- Unrealized Gain: 23%
- Total Portfolio Exposure: Over $21.6M
- Leverage Used: 10x