The "Long-Short Dual Oil Air Force" quickly engaged in consecutive rolling spot month short positions in CL, reaching a scale of 12.6 million, now the largest short in on-chain oil markets
BlockBeats News, March 10th, according to Hyperinsight monitoring, the 「US, Brent Dual Oil Main Force」 address (0x985f…) showed that within about half an hour, it consecutively rolled over its CL (WTI crude oil) short position, accumulating about 26,960 contracts of CL shorts, with a total value of about 3.42 million U.S. dollars.
After this round of continuous position building, the total value of its CL short position has increased to 12.6 million U.S. dollars, with an average price further reduced to 88.03 U.S. dollars. The current floating profit of this position is about 41,600 U.S. dollars, with a return rate of 0.77%, and a liquidation price of 123.3 U.S. dollars.
This CL short position was opened and continuously rolled over in the past 7 hours. At the same time, the address has been adding to its BRENTOIL (Brent crude oil) short position over the past few hours, increasing the position size to 6.2 million U.S. dollars, with an average price of 91.7 U.S. dollars. Currently, this address holds the largest short positions in BRENTOIL and CL on-chain.
You may also like

Nasdaq Enters Correction Territory | Rewire News Morning Brief

OpenAI loses to Thousnad-Question, unable to grow a checkout counter in the chatbox

One-Year Valuation Surged 140%, Who Is Signing the Check for Defense AI?

Bittensor vs. Virtuals: Two Distinct AI Flywheel Mechanisms

Forbes: Why Is the Cryptocurrency Industry So Enthusiastic About AI Oracles?

Ethereum Foundation publishes: Restructuring the division of labor between L1 and L2, jointly building the ultimate Ethereum ecosystem

Morning Report | Startale completes $63 million Series A financing; STS Digital launches structured cryptocurrency platform; Polymarket will charge a taker fee on almost all trading categories

The most important thing in Web3 primary market investment

The strategic focus of cryptocurrency in reconstructing the international monetary system and the Chinese solution

Musk Poached Aave App's Web3 Prodigy

The Petro Order is Cracking. What Comes Next for the Middle East?

ETF Fund Inflows Emerging, What's Still Missing for BTC to Fully Recover?

Forbes Special Report: The Embrace of AI Agents in the Cryptocurrency Industry

Bitpanda, Vision Web3 Foundation, and Optimism Partner to Onboard European Financial Institutions to the Global Blockchain Economy

What will the early Hyperliquid prediction market look like?

Overseas VC's Two-Week Trip to China AI Leaves Them in Awe of Shenzhen Hardware

Was CZ Also Rug Pulled? BNB Treasury CEA Industries Control Battle

