A whale, anticipating a larger pullback in WTI short oil than Brent crude, reduced its BrentOIL short position by $1.8 million and shifted to a short position in crude oil futures.

According to Mars Finance, on March 11th, Hyperinsight monitoring showed that the "Short Global Oil Prices at High Levels" (0x4cd) significantly reduced its short positions in Brent crude oil by $1.8 million overnight and this morning, bringing the total to $1.7 million. The released funds were then used to roll over short positions in WTI crude oil, increasing the current position size from $5.7 million to $7.12 million. Currently, the position is betting on a de-escalation of geopolitical conflicts in the Middle East, but anticipates a much larger price correction for WTI crude oil than for Brent. The specific positions are as follows: WTI crude oil (CL) short positions: 7x leverage, position size $7.12 million, average price reduced to $95, unrealized profit $1.08 million, liquidation price $113; Brent crude oil (BRENTOIL) short positions: 7x leverage, position size $1.73 million, average price reduced to $101, unrealized profit $330,000, liquidation price $120. It is reported that on March 9, when both WTI crude oil (CL) and Brent crude oil (BRENTOIL) on the Hyperliquid platform were near their short-term highs, this address simultaneously short short positions at an average price of $108 and continued to roll over the positions.