WTI Crude Oil Soars to $80 at Close: Largest Long Position On-Chain Takes Profit, Morning Positioning Saw Longs Scaling 14.17M in Size

BlockBeats News, March 6th, according to Coinbob Popular Address Monitoring, WTI crude oil rose more than $82 in a short time during intraday trading, hitting a recent high and closing at $79.4, Hyperliquid witnesses continued long and short game on CL (WTI crude oil mapping contract).

An address starting with 0xf4b built a 20x leveraged long position on CL before the U.S. stock market opening yesterday, with a peak position size reaching $14.17 million. The address later partially closed its position after the oil price surged above $81 this morning, with an average closing price of around $81.2, realizing a profit of about $470,000.

It currently still holds a 20x leveraged long position on CL, with a position size of $5.05 million, an unrealized profit of $150,000 (38%), and an average price of $76.9. It remains the largest long position holder on-chain for CL.

It is reported that this address has shorted CL (WTI crude oil) and EWY (Korean ETF) five times recently. After being quiet in mid-February, it has become active again recently, with a weekly profit of $1.51 million, and the current account funds have risen to $1.95 million.