"Heavy Positioning in Three Major Markets" Whale Liquidates 210 Million USD in WTI-Brent Hedging Positions, May Pivot to Betting on WTI's Weakness Relative to Brent

MarsBitNews · 2026-03-23T10:44:31+00:00

According to Mars Finance, whale (0x8af) partially closed positions in WTIOIL and BRENTOIL on March 23, with a transaction amount of approximately $2.1 million. The whale still holds 5 million WTIOIL long positions and 6.68 million BRENTOIL short positions, with floating profits narrowed to $80,000.

MarsBitNews

2026-03-23 10:44:31

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Mars Finance News, March 23 — According to Hyperinsight monitoring, the “Major Market Positioning” whale (0x8af) partially closed its hedge positions on WTIOIL (WTI crude oil) and BRENTOIL (Brent crude oil) within the past hour, totaling approximately $2.1 million. Specifically, this address closed about $1.05 million worth of long positions in WTIOIL and short positions in BRENTOIL. Currently, the address still holds a 5x leveraged long position in WTIOIL with a position size of $5 million, at an average price of $96.2; it also holds a 5x leveraged short position in BRENTOIL with a position size of $6.68 million, at an average price of $107.7. After this adjustment, its hedge position has realized a floating profit of $80,000.

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