The major short sellers of both WTI and Brent crude oil have significantly reduced their short positions in crude oil futures (CL), but still hold positions worth approximately $21 million.

According to Mars Finance, on March 24th, Hyperinsight monitoring showed that international crude oil prices fell sharply due to the temporary easing of the US-Iran conflict, but the short positions related to "major short positions in both WTI and Brent crude" remained unprofitable. This morning, the whale chose to cut its losses, significantly reducing its short position in xyz:CL, while maintaining short exposure in other instruments. Currently, the whale still holds approximately $21 million worth of short positions in xyz:CL, with a floating loss of approximately $250,000. After reducing its position, it still maintains short positions in 10 instruments, with a total account position value of 24.94 million USDC, including a short position in Brent crude oil (xyz:BRENTOIL) worth approximately $5 million.