“Multi-Account Referred Global Asset” Whale Empties Crude Oil Longs in BTC and NDX Double Kill, Monthly Loss Reaches $7.3 Million

BlockBeats News, March 9th, according to Coinbob Popular Address Tracker data, influenced by today's dual pullback in the U.S. stock and crypto markets and a sharp rise in oil prices, the "multi-asset counter-trend whale" (0x8af) once again saw its holdings caught in a long and short slaughter. Its long positions in Nasdaq 100 and BTC saw increased unrealized losses, while its short position in oil was completely liquidated, with a total position size of over 50 million USD.

This whale has recently been out of sync with the market rhythm. In the past 10 days, it has continuously increased its long position in XYZ100 (Nasdaq 100 index tracking contract) from 20 million USD to 38.5 million USD, becoming the largest on-chain Nasdaq bull. Today, with the U.S. stock market pulling back, this position has incurred unrealized losses of up to 1.268 million USD. Its BTC long position was also opened near a local high, with a position size of 8.31 million USD currently showing an unrealized loss of 290,000 USD (-140%).

In addition, this address had previously shorted silver on the eve of a rally, and is now shorting oil but got caught at the pre-surge node — today's oil price surge led to the complete liquidation of its 7.7 million USD short position in oil. Subsequently, the address once again opened a 5.1 million USD short position in CL (WTI crude oil tracking contract), with an unrealized loss of 300,000 USD (-20%) as of the time of writing.

Looking back, 10 days ago, this whale was heavily long on Nasdaq and BTC, while also holding a 12 million USD short position in silver. As a result, as risk assets pulled back and silver rose, all three positions incurred losses. After closing its BTC and silver positions, it went long on BTC again and shorted oil in the past four days, only to make the wrong bet once more.

Prior to this, this address had profited over 50 million USD in a full cycle of shorting meme coins. However, after engaging in large commodity trades in the past month, its monthly losses have reached 7.3 million USD, with unrealized losses exceeding 1.7 million USD just today.