The "shorting oil at high levels" whale expects a larger pullback in US crude oil than Brent, reducing $1.8 million BRENTOIL short positions and shifting to CL short positions.

BlockBeats News, March 11, according to Hyperinsight monitoring, "Shorting Global Oil Prices at Highs" (0x4cd) significantly reduced its short position in BRENTOIL (Brent crude oil) last night and this morning by $1.8 million, bringing the position down to $1.7 million. Subsequently, all released funds were used to roll over and short CL (WTI crude oil), with the current position size rising from $5.7 million to $7.12 million.

Currently, the position continues to bet on the cooling of geopolitical tensions in the Middle East, but expects the price correction of US oil (WTI) to be much greater than Brent oil (Brent). The specific positions are as follows:

WTI crude oil (CL) short position: 7x leverage, position size $7.12 million, average price down to $95, unrealized profit $1.08 million, liquidation price $113;

Brent crude oil (BRENTOIL) short position: 7x leverage, position size $1.73 million, average price down to $101, unrealized profit $330,000, liquidation price $120.

It is reported that on March 9, this address simultaneously opened short positions in WTI crude oil (CL) and Brent crude oil (BRENTOIL) at an average price of $108 near short-term highs on the Hyperliquid platform, and has been continuously rolling over the positions.