ChainThink report, March 5: According to Coinbob Hot Address Monitor, a whale with address starting in 0xbcd currently holds a 10x leveraged long position in CRCL (Circle-pegged synthetic token) on Hyperliquid, with a position size of $2.2 million at an average entry price of $87.1, making it the largest long position for CRCL on the Hyperliquid platform. The whale also holds 13 additional positions in cryptocurrencies and on-chain equities, bringing the total position value to $21.6 million.

The position was opened on February 27, during the retracement phase following Circle’s on-chain equity’s first rally from $62 to $90. The whale accumulated further long exposure within the $89–$84 range.

According to Hyperliquid data, Circle’s on-chain equity price surged again from around $80 on March 2, peaking at $106 before settling near $105. After accumulating positions during the price volatility phase, this whale has successfully captured the second wave of upward momentum, now realizing a floating profit of $370,000 (23%) on the position.

Additionally, within the past hour, a trader with an address starting in 0x467 entered a 10x leveraged long position in CRCL at an average price of $104, with a position size of $1.14 million. The liquidation threshold is extremely narrow, located at $98.8.