BlockBeats News, March 11, according to Hyperinsight monitoring, the “High Shorting Global Oil Price” (0x4cd) significantly reduced its BRENTOIL (Brent Crude Oil) short position by $1.8 million from last night to this morning, reducing the position size to $1.7 million. The released funds were then entirely used to roll over a short position on CL (WTI Crude Oil), increasing the current position size from $5.7 million to $7.12 million.
Currently, its position continues to bet on a cooling of Middle East geopolitical tensions, but it is expected that the price correction of WTI crude oil will be much greater than Brent crude oil. The specific positions are as follows:
WTI Crude Oil (CL) short position: 7x leverage, $7.12 million position size, average price reduced to $95, unrealized profit $1.08 million, liquidation price $113;
Brent Crude Oil (BRENTOIL) short position: 7x leverage, $1.73 million position size, average price reduced to $101, unrealized profit $0.33 million, liquidation price $120.
It is reported that on March 9, this address, on the Hyperliquid platform, simultaneously opened short positions on WTI Crude Oil (CL) and Brent Crude Oil (BRENTOIL) at an average price of $108 near their short-term highs and has been continuously rolling over the positions.
