During a brief pullback to $94 in on-chain WTI crude oil prices, two whales "buy the dip" and open million-dollar long positions
BlockBeats News, March 9th, according to Hyperinsight monitoring, the WTI crude oil price once fell to $97 per barrel. In response to this, on Hyperliquid, the price of the corresponding mapped contract (CL) briefly dropped below $94, experiencing a sharp downward price movement under liquidity squeeze. Two whales took action during this period, continuously adding to their long positions:
Whale starting with 0x202: Entered precise long positions with an extremely tight liquidation price and 20x leverage, opening 39,500 contracts of long crude oil positions at an average price of $95.38, equivalent to about $3.75 million. Subsequently, during the price rebound to $100, partially closed the position to take profit. The current position size is around $3.65 million, with a liquidation price of $92.9, unrealized profit of $230,000 (ROI 57%).
Whale "Shanzhai Air Force Chief": Continued to add to long positions after the price fell below $100, entering more positions at $96 and further increasing the position during the rebound. The short-term position size exceeded $7.7 million, with an average price of $100.3, a liquidation price of $76.9, and an unrealized profit of $100,000 (5%).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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