On-chain Whale Longed 280,000 Barrels of Crude Oil Last Month, Currently Averaging $113,000 Profit per Barrel

BlockBeats News, April 30th, according to Hyperinsight monitoring, the top long position holder for Brent Crude Oil on Hyperliquid, had previously taken a long position in 280,000 contracts of BRENTOIL (Brent Crude Oil Futures 2607 mapping contract) in mid-March, with a value of approximately $31.43 million. At that time, the purchase price was below $100.

As the blockade deadlock in the Strait of Hormuz continues to escalate, international oil prices keep rising, with Brent Oil approaching a nearly two-year high at $114 per contract. The whale's long position unrealized profit has since significantly increased to $3.17 million, translating to an average profit of about $11.3 per contract for them.

Address: 0x1e48f1007fa133f643941d58cb6b080dc621e773