Whale XM39 Reloads on "Geopolitical Trade," Crude Oil Long Position Increased to $29.5 million

BlockBeats News, September 1st. Last night, early this morning, trader "xm39" associated with a Hyperliquid address conducted a large-scale position roll in a WTI crude oil long position. After multiple transactions, they realized a profit of approximately $159.1 thousand, increasing their WTI long position to 340.4 thousand contracts. This represents a net increase of 259.1 thousand contracts from before the operation, expanding the position by about 319%. At the time of writing, the position is worth around $29.52 million, using 20x leverage, with an average price of $85.649 per contract, and an unrealized profit of approximately $364.5 thousand. The liquidation price is $82.611 per contract.

The address currently has two stop-loss orders set: 50 thousand contracts to trigger when the price falls below $84.65, and another 25 thousand contracts to trigger when the price falls below $84.02, covering approximately 22% of the current position.

Hours before the crude oil position roll, xm39 also made 3 consecutive purchases on Polymarket for the "United States to invade Iran by 2027" Yes shares, investing a total of $41.7 thousand, increasing their position by 274.5 thousand shares at an average fill price of 15.20%.

Currently, xm39 holds a total of 723.9 thousand Yes shares, with a position value of approximately $112.2 thousand. The implied probability of this event is currently at 15.5%, lower than their overall cost of 19.24%, resulting in an unrealized loss of about $27.1 thousand.

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