Hormuz Strait Closure Rumors Spread as Mega Whale Temporarily Takes $7.7M Long Oil Short ETH Combo Position

BlockBeats News, March 27th, according to Hyperinsight monitoring, in the past 1 hour, after the Iranian side announced the "Strait of Hormuz is closed" related news, an on-chain whale starting with 0xfee opened a BRENTOIL (Brent Crude Oil) long position with 8x leverage, with an average entry price of $103.3, a position size of $6.7 million, and a liquidation price of $92.7.

At the same time, it also briefly opened a 20x leverage ETH short position with a position size of $1.02 million, totaling $7.7 million for the two positions combined. This may be a bet on the escalating US-Iran situation, with cryptocurrency under pressure during an oil price rally.