On-chain CRCL's largest long position profit expands to $450,000, with simultaneous bets on Korean ETF already yielding a 26% profit
BlockBeats news, on March 11, according to CRCL (Circle), the price has continued to surge in the past two days, reaching an intraday high of $121 today, with the contract currently quoted at $117 on Hyperliquid.
The largest long address for CRCL on the platform has seen its floating profit expand to $460,000 (38%), with a position size of $4.33 million at an average price of $104. This position was opened five days ago, and additional long positions have been continuously added near $102 in the following days.
It is reported that this address is also the largest long holder of EWY (Korean ETF) on-chain, with a position size of about $6.5 million at an average price of $128. After the sharp decline in the Korean stock market, the holder bet on a price rebound, and the floating profit has now reached 26%, with weekly account gains of $850,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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