BlockBeats message, April 8, according to monitoring by Hyperinsight, the whale starting with 0xfee previously built positions in Brent crude oil and WTI crude oil long orders during the period when news of the Strait of Hormuz closing was taking shape on March 27. In recent days, it has increased the combined position size of the two oils to $6.26 million.
After today’s news of the Iran-Iraq ceasefire took effect, oil prices plunged sharply. The two oil long positions by this address were liquidated in the first round for a total of $6.27M. About 1 hour after the liquidation, the address entered the market again, attempting to open a WTI crude oil long order to buy the dip and get back to break even. As oil prices continued to fall, the second round was liquidated again for $2.27M.
A total of $8.53 million was liquidated across the two rounds, with the positions fully cleared, making it the largest intraday liquidation address for the two-oil pair on-chain. The specific liquidation is as follows:
WTICRUDE: a total of 46,680 contracts liquidated, triggered at $101 and $90.7 respectively, for a total of 4 liquidation events;
BRENTOIL: a total of 42,849 contracts liquidated, triggered at $95, for a total of 2 liquidation events.
Address: 0xfeedc4f156fd25c3fe9ff6402dbf3b99ebed3195
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