Oil Price Trend Trader Turns $12,000 Account Into $1 Million, Bets Big on Oil to Hit $120 by End of March

According to PolyBeats monitoring, in the prediction market Polymarket, an account with a 5-0 record in oil price-related markets has invested $12k, buying the outcome "Crude oil to touch $120 by end of March," with an average entry price of 63¢, and the current probability of this option is 64%.

It should be noted that out of these 5 profitable positions, 4 were closed early to take profits based on market price fluctuations, rather than held until the final event settlement.

As the world's most critical chokepoint for oil transportation, the Strait of Hormuz is currently facing a substantial blockade and shipping disruption crisis due to the recent Iran situation and related military intervention. The Iranian Revolutionary Guard has repeatedly declared the strait closed and threatened to attack any vessels attempting to pass through.

Driven by this geopolitical risk premium, the international oil price has surged to around $107.

Against the backdrop of high passage risks in the strait, commercial shipping in the region faces a significantly increased risk of attack or interception. In order to avoid armed attacks and ensure safe passage, a large number of international commercial ships and oil tankers passing through the area have been modifying their destination information in the automatic identification system or displaying the Chinese flag, declaring themselves as Chinese vessels or affiliated with China.

Account:
0xa2417925070121ed571d23cb846aebcaa2d745f7

Total Investment: $12k
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