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02:59
A whale precisely sold on-chain crude oil at an average price of $114 yesterday, and has already doubled their principal with a short position.
BlockBeats News, March 10, according to reports, WTI crude oil (CL) on Hyperliquid has dropped more than 25% in the past 24 hours, currently quoted at $85.7, down 26.2% from yesterday's high of $116. The whale address starting with 0x434f topped out on-chain crude oil at 10:49 yesterday, continuously opening short positions in the $112 to $116 range. Ultimately, the whale established a 3x leveraged short position at an average price of $114, with an initial position size of $1.83 million. As oil prices plunged sharply during the day, this address kept rolling over and increasing its position. The account balance grew from $470,000 to $1.18 million, doubling the principal through this round of crude oil shorts. Currently, the whale only holds a 3x leveraged CL short position, with a position size of about $1.72 million and an unrealized profit of $350,000 (33%). The average holding price has dropped to $103.9. There has not been a significant reduction in the position yet.
02:56
Peter Brandt suggests that bitcoin may show a bullish pattern in the short term
On March 10, trader and chart analyst Peter Brandt released a chart showing an upward curving channel in bitcoin's long-term weekly chart (2014-2027), and pointed out that a similar curve has formed near $69,000 on the daily chart, with the arrow indicating a higher target.
02:56
Multiple crude oil LOF funds resume trading and collectively decline
According to Golden Ten Data on March 10, several oil-related LOFs were temporarily suspended for one hour during the morning session on March 10, and collectively declined after trading resumed. The crude oil LOF E Fund (161129), Southern Crude Oil LOF (501018), and Oil Fund LOF (160416) all fell by around 7% at one point.
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