Two Major Suspected Insider Addresses Concealed 3 Million Holdings in Advance on-chain WTI Crude Oil, Long Positions Have Realized Unrealized Gains Amid Escalating Geopolitical Conflict

BlockBeats News, March 2nd, according to Coinbob Popular Address Monitor, around 10:20 a.m. today, two large positions on the Hyperliquid platform and on-chain transfer records showed highly similar addresses simultaneously opening long positions on the xyz:CL (WTI Crude Oil Futures Mapping Contract), with position sizes of $1.83 million (address starting with 0x1de) and $1.34 million (address starting with 0xb58) respectively, with an average entry price of around $70.

Meanwhile, in today's afternoon news, Iran launched retaliatory attacks against the core refining facilities of Saudi Aramco, a global oil giant, which is one of the world's largest refineries. Additionally, Iran retaliated today by attacking oil tankers and subsequently announced a ban on vessels passing through the Strait of Hormuz (a key crude oil shipping lane).

Impacted by the above news, international oil prices generally rose, with WLI Crude Oil Futures briefly surging to $73, and the crude oil long positions of the two suspected associated addresses also saw unrealized gains.