BlockBeats News, March 12th, according to Hyperinsight monitoring, international oil prices continued to rise, with WTI crude oil up by about 7% to $93.3 per barrel and Brent crude up over 7.4% to $98.8 per barrel. Hyperliquid witnessed a synchronous rise in the price of CL (WTI crude oil), currently at $92.1, with a 24-hour increase of 10%.
Despite the IEA’s release plan, it failed to effectively suppress oil prices. On-chain data shows that after the news was released, among the 9 whales who opened new CL positions with a size of over a million dollars, 8 chose to chase the long side. Meanwhile, although the funding rate has narrowed, it still remains negative, indicating an overall bearish sentiment in the market.
Furthermore, monitoring shows that an address starting with 0x863b opened long positions at an average price of $85.3 at 8:00 yesterday, with the current position size around $4.32 million and an unrealized profit of $320,000. In addition, four whales who entered positions after the announcement of a G7 leaders’ call yesterday (with opening prices concentrated in the $83 to $84 range) have mostly closed their positions to take profits.
