A Whale Puts $5.01 Million into Opening a Crude Oil Short Position

BlockBeats News, March 18th, according to OnchainLens monitoring, a whale, after a year of silence, deposited 5.01 million USDC into the HyperLiquid platform and opened a short position on CL (WTI Crude Oil Mapping Contract) with 2x leverage.

According to Bitget market data, after Iran designated Gulf states' oil facilities as legitimate targets, US and Brent crude oil prices rose. Brent oil rose by 3.5% intraday, now trading at $104.6 per barrel; WTI crude oil is currently at $97.7 per barrel, up 2.3% in 24 hours.