Longtime CRCL bull mtaavebank.eth flips short for the first time with a $14.95 million position

A wallet known for repeatedly taking bullish bets on Circle, mtaavebank.eth, has opened its first recorded short position in CRCL, according to on-chain analyst Ai Yi (@ai_9684xtpa). The move put the address at the top of Hyperliquid’s CRCL short rankings at the time of the update. Ai Yi said the trader opened an 8x leveraged short early on Aug. 26. The position currently stands at 162,593.75 CRCL, with a notional value of about $14.95 million. The reported entry price was $91.241, and the position was showing an unrealized loss of $121,000 at the time of the post. The switch is notable because the address had previously traded CRCL 11 times, all on the long side. Those trades generated cumulative profit of more than $981,000, based on the monitoring data cited by BlockBeats. The latest trade marks the first time the wallet has turned bearish on the stock-linked token, or at least the first such position highlighted by the analyst in this update.