Circle Gains Momentum in Strong Price Rally
On March 18, the asset linked to stablecoin issuer Circle surged over 6.4% during the day, extending its upward trend into the night session. Data from on-chain analytics platforms show a 24-hour trading volume of $24.87 million, signaling heightened investor engagement.
The price is now holding near $134.2, reflecting growing confidence in its near-term outlook. The continued momentum from the previous day has created a snowball effect, drawing attention from both retail and institutional participants.
Whale Enters With Massive Leveraged Long Position
In the past hour, an active wallet address opened a large leveraged long position worth $1.78 million at 3x leverage, averaging an entry price of $133.4.
- The account has a history of well-timed market moves
- This marks one of the largest bullish bets in recent weeks
- The position already shows unrealized profits of around $11,000
The move triggered a wave of follow-on buying, amplifying both volume and price action. Analysts suggest this could indicate shifting sentiment among major players, with potential for further upside if momentum holds.