Circle Drops 4.2% Intraday, Whale Reportedly Nets $350,000 Profit from Recent CRCL Short Position

BlockBeats News, March 27th, according to Hyperinsight Monitoring, the pre-market of crypto concept stocks experienced a general decline, with Circle continuing its drop, falling by 1.6% at one point. The price of the corresponding contract on Hyperliquid also fell accordingly, currently at $96.76, a drop of over 4.2% in 24 hours.

Three days ago, a whale (0x320) who shorted CRCL on the platform saw their unrealized gains increase to $350,000, with a return rate of over 57%. The current position size is around $1.16 million, with an average entry price of $125.