Gate News reports that on March 23, according to Hyperinsight monitoring, the whale address (0x8af), which has a large position in the three major markets, partially closed its hedge positions in WTIOIL (WTI crude oil, the U.S. West Texas Intermediate benchmark) and BRENTOIL (Brent crude oil, the European North Sea benchmark) within the past hour, totaling approximately $2.1 million. Specifically, the address closed about $1.05 million of long WTIOIL and $1.05 million of short BRENTOIL. Currently, the address still holds a 5x leveraged long WTIOIL position with a size of $5 million at an average price of $96.2; at the same time, it holds a 5x leveraged short BRENTOIL position with a size of $6.68 million at an average price of $107.7. After this adjustment, its hedge position’s unrealized profit has narrowed to $80,000.
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