Data: Circle fell over 20% intraday, with two whales entering the market simultaneously to buy CRCL at a scale of millions

According to monitoring by Hyperinsight, U.S. stock cryptocurrency concept stocks collectively fell back, with Circle (CRCL) down 20.1%. The contract for this asset on Hyperliquid is currently reported at $102.7.

During this sharp decline, two on-chain whales (0xcee) and (0x51b) simultaneously took action to bottom-fish early this morning, each opening about $1 million in CRCL long positions, with average entry prices of $106 and $103 respectively, and the liquidation price for the closest one is at $95.8.