BlockBeats News, March 12th, according to Hyperinsight monitoring, due to the statement by Iran’s Supreme Leader that the Strait of Hormuz will remain closed, the escalating geopolitical tensions have pushed up international oil prices. The US stock oil company Battalion Oil surged over 21%, and the US Crude Oil ETF surged nearly 7%. On the Hyperliquid platform, WTI Crude Oil (CL) rose above $93, and Brent Crude Oil (BRENTOIL) rose to $96.
Against this backdrop, the whale “neoyokio.eth” (0x152) opened a 4x leveraged long position on crude oil in the past half hour, buying 55,800 contracts, equivalent to $5.2 million, at an average price of $92.97. As of the time of writing, this position has already realized a $32,000 floating profit. This address is currently the largest long position on Hyperliquid, with a position size exceeding $18 million.
