Circle Bull Turns Bearish for First Time, Position Valued at ~$14.95 Million

On August 26, according to on-chain analyst Ai Yi (@ai_9684xtpa), Circle (CRCL) bull mtaavebank.eth has opened its first short position, becoming the largest short position on Hyperliquid for CRCL.

The position, opened early this morning with 8x leverage, currently holds 162,593.75 tokens, valued at approximately $14.95 million, with an entry price of $91.241 and an unrealized loss of $121,000. The trader had previously executed 11 CRCL trades, all long positions, with cumulative profits exceeding $981,000.

[BlockBeats]