"Heavy positioning in three major markets": Whales closed hedge positions of $2.1 million in both WTI and Brent crude, possibly shifting to bet on WTI weakening relative to Brent.
BlockBeats news, on March 23, according to Hyperinsight monitoring, the “heavy position in three major markets” whale (0x8af) partially closed hedged positions in WTIOIL (WTI crude oil) and BRENTOIL (Brent crude oil) within the past hour, with a total scale of approximately 2.1 million US dollars. Specifically, this address closed about 1.05 million US dollars of WTIOIL long positions and 1.05 million US dollars of BRENTOIL short positions.
Currently, this address still holds a 5x leveraged WTIOIL long position, with a position scale of 5 million US dollars and an average price of 96.2 US dollars; it also holds a 5x leveraged BRENTOIL short position, with a position scale of 6.68 million US dollars and an average price of 107.7 US dollars. After this adjustment, its hedged positions’ unrealized profit has narrowed to 80 thousand US dollars.
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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