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it's most likely small fish with stomachs bigger than their mouths! they grab the bait and swim off with it and then can't eat it.very large pike have no problem eating and when they eat they eat they don't play around with bait!the only time a big pike would run off with bait and spit it is if your line is creating to much drag and the fish can't take line freely.
pike are very pressure shy. sometimes just the smallest amount of pressure will make them drop the bait. if I'm fishing steel with trebles or a single hook, i will wait until their initial run is over. when this happens , they are turning the bait in their mouths to swallow it. after the initial run, i will wait a few seconds, and then very gently pull little by little, apply a little pressure so that the pike will clamp down on it a bit harder (makes it think the bait is trying to swim away). and when i get to the point where i can feel him enough on the other end, i drive the hook home. i don't have any info for circles, i have never used them. but i hope this info i have given ya helps ya out to get that wall hanger! good luck!