A major crude oil holder shifted his focus to the storage sector, realizing a profit of $1.15 million in two weeks.

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According to BlockBeats, on April 13, Hyperinsight monitoring showed that the largest short position holder in crude oil at the end of March on Hyperliquid (0xa65) closed out its short positions in crude oil last week at a loss. It then briefly opened long positions to try to buy the dips, and closed out its positions again yesterday, completely exiting the crude oil market.

Currently, this address has shifted its entire portfolio to the US stock storage sector, retaining only two long positions opened at the beginning of the month: MU (Micron Technology) and SNDK (SanDisk), with a total holding of $5.4 million and a current unrealized profit of $1.15 million.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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