Gate News report: On March 25, US-listed cryptocurrency concept stocks collectively pulled back, with Circle (CRCL) closing down 20.1%, while the contract for this asset on Hyperliquid is currently trading at 102.7 USD. During the sharp decline, two on-chain whales (0xcee, 0x51b) simultaneously initiated bottom-fishing trades early this morning, each opening CRCL long positions of approximately 1 million USD, with average entry prices of 106 USD and 103 USD respectively. The nearest liquidation price is located at 95.8 USD.

On March 23rd, an Ethereum OG investor sold nearly $31 million worth of ETH, drawing market attention. The wallet "0xa2F…F85A" sold 15002 ETH and still holds 14814 ETH. Another whale sold 5000 ETH to repay a loan, holding approximately 126000 ETH. Ethereum's price has recently declined, with on-chain fund flows showing early holders gradually cashing in profits.

Gate News report: On March 23, according to monitoring by on-chain analyst Ai Yi, an early ETH holder from 2016 who had been dormant for a year (address 0xa2F...F85A) deposited 15,000 ETH to a certain CEX, valued at $30.97 million. This address has been accumulating ETH since 2016 with a cost price of $11.61. If sold this time, it will realize a profit of $30.79 million, with a return rate of 17680%.