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Circle drops over 20% intraday, with two whales entering the market simultaneously to scoop up CRCL at a million-dollar scale.
Mars Finance News, March 25 — According to Hyperinsight monitoring, U.S. stock-listed cryptocurrency concept stocks collectively declined. Circle (CRCL) fell by 20.1%, and Hyperliquid’s contract for this asset is currently quoted at $102.7. Amid the sharp decline, two major on-chain whales (0xcee) and (0x51b) synchronized their actions early this morning to buy the dip, each opening a $1 million CRCL long position. Their average entry prices were $106 and $103, respectively, with the liquidation price of the nearest position at $95.8.