As Market Bets Pause, New Address Goes Long 43.7M on Crude Oil Amid Ceasefire Expectation, Conflict Unresolved Within Day

BlockBeats News, April 1st, according to Hyperinsight monitoring, a new address starting with 0x9d3 deposited three large amounts of funds into Hyperliquid last night, totaling $19.6 million, all withdrawn from its Binance account.

At that time, WTI crude oil and Brent crude oil both fell to stage lows due to expectations of eased geopolitical conflicts. The address bottomed out and successively opened 20x leveraged long positions for WTIOIL and BRENTOIL, continuously increasing its position through rollovers in the hour before the deadline. It has now become the largest long position in WTI crude oil on Hyperliquid.

The total scale of the two long positions has now been pushed up to $43.7 million, with respective average prices of $102.2 (WTI) and $106.5 (Brent), betting heavily on a reignition of geopolitical tensions and a resurgence in oil prices.