On-chain Whale Longed 280,000 Barrels of Crude Oil Last Month, Currently Averaging $113,000 Profit per Barrel
BlockBeats News, April 30th, according to Hyperinsight monitoring, the top long position holder for Brent Crude Oil on Hyperliquid, had previously taken a long position in 280,000 contracts of BRENTOIL (Brent Crude Oil Futures 2607 mapping contract) in mid-March, with a value of approximately $31.43 million. At that time, the purchase price was below $100.
As the blockade deadlock in the Strait of Hormuz continues to escalate, international oil prices keep rising, with Brent Oil approaching a nearly two-year high at $114 per contract. The whale's long position unrealized profit has since significantly increased to $3.17 million, translating to an average profit of about $11.3 per contract for them.
Address: 0x1e48f1007fa133f643941d58cb6b080dc621e773
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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