On-chain Crude Oil Trading Volume Surges Over 910% WoW, See How Top Traders are Positioning in US Stocks and Commodities
BlockBeats News, March 9th, according to Coinbob Popular Address Monitoring, the trading volume of WTI crude oil (CL) on Hyperliquid surpassed $100 million for the first time on March 3rd and entered the top ten, with continued increasing activity. As of today, its 24-hour trading volume has exceeded $910 million, representing a week-on-week increase of up to 9110%. Among the top ten trading pairs by volume currently, U.S. stocks and commodities hold six positions.
Prior to the market's heightened attention, several well-known on-chain traders and institutions had already positioned themselves in the RWA U.S. stocks and commodities track. Among them:
CBB (X: Cbb0fe): Took a $36.3 million short position on CL (crude oil), EWY (South Korean stock market), NATGAS (natural gas), and a basket of AI industry chain and tech stock shorts, also took a $4.76 million long position on gold. This may be for cross-market arbitrage or high-frequency market-making profit. The average entry price for the largest CL short position is $78.3, with positions opened on March 4th.
Continue Capital (Founder Pima): Took a $13.5 million long position on NVDA (Nvidia) and MU (Micron), with a total unrealized loss of $0.96 million. The average NVDA holding price is $190, with positions opened on November 17th last year.
Sky Genesis RuneKek: Took an $8.7 million long position on CL (WTI crude oil) and BRENTOIL (Brent crude oil), with an average long price of $92 for CL, realizing a $0.82 million gain, with positions opened on March 7th. Also took short positions on ETH and NDX 100 (XYZ100) for hedging, with a scale of about $5.4 million.
Abraxas Capital: Took a $26 million short position on GOLD (gold), with a realized gain of $0.92 million, average price $5273, positions opened on January 26th.
Loracle (X: loraclexyz): Took a $7.8 million short position on CL (crude oil), average price $92, positions opened on March 7th. Also took a $5.6 million short position on NVDA (Nvidia) and PAXG (gold), currently facing losses on both positions, with an unrealized loss of $1.1 million.
Ray (X: 0xRay518): Opened a long position on NVDA (Nvidia) on February 18th, with a previous position size of $16.5 million, average price $190. Closed the position five days ago at an average price of $178, temporarily exiting the market.
According to monitoring data, other on-chain RWA contract traders have exhibited the following holding characteristics: shorting high-premium assets or longing discounted assets during off-market hours; some traders relying on pre-betting on "non-trading hour" events; cross-platform arbitrage with the same asset, or arbitrage between different contracts of the same asset (such as GOLD, PAXG, XAU).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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