Oil prices rise, smart money shorts with $3.7 million bet on downturn

BlockBeats News, April 28th, according to Coinbob Popular Address Monitor, the WTI crude oil saw an intraday gain of up to 4.4%, reaching the $100 mark, while Brent crude oil rose by 3.7%. An address on Hyperliquid took a smart contract position (0xe09) with 5x leverage, shorting both WTIOIL and BRENTOIL simultaneously, with a total size of $3.7 million. The average price for WTIOIL was $99.52, and for BRENTOIL was $104.57.

It is reported that this address has opened multiple crude oil-related positions in the past month. Since the first position was opened in February, they have focused on US stocks and commodities trading, achieving a win rate of 63% throughout the entire period, with a profit of $985,000, more than doubling their initial investment.

Address: 0xe091330c53b971ed4e886f902f18e8544a8d6705