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Home News Two major highly correlated WTI crude oil short whales took profit and exited, with a position return of approximately 12%.

Two major highly correlated WTI crude oil short whales took profit and exited, with a position return of approximately 12%.

Two major highly correlated WTI crude oil short whales took profit and exited, with a position return of approximately 12%.

BlockBeats News, March 4th, according to Coinbob Popular Address Monitoring, yesterday evening, two highly correlated addresses of Hyperliquid simultaneously closed a long position in xyz:CL (WTI Crude Oil Futures Mapping Contract), with a closing average price of about $74. Previously, the position size exceeded $3.2 million, with an opening average price of about $70, and achieved a return of approximately 12% due to its use of 2 to 3 times leverage.

It is reported that these two whales (0x1de) (0xb58) had similar holding and on-chain transfer records, and had accurately positioned themselves long before Iran announced the ban on ships passing through the Strait of Hormuz (a critical crude oil shipping route) news.

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