6 days ago, a new address was created to short on-chain crude oil, with a position worth nearly $10 million.

BlockBeats News, March 24th, according to Hyperinsight monitoring, a whale address starting with "0xfa5db" was newly created 6 days ago. After depositing about 5 million US dollars in principal, it only opened a on-chain crude oil (xyz:CL) short position, and has now become the third largest short position in that asset. Its position is worth about 9.6 million US dollars, with an opening price of 95.50 US dollars, a liquidation price of 139.844 US dollars, and a current unrealized profit of about 400,000 US dollars.