Whale address reduces holdings by $1.8 million in Brent crude oil short positions, shifting to WTI crude oil short positions

Gate News reports that on March 11, Hyperinsight monitoring showed that address 0x4cd significantly reduced its short position in BRENTOIL (Brent crude oil, a European oil benchmark) by $1.8 million overnight and into the morning, bringing the position down to $1.73 million. The released funds were then fully used to roll into a short position in WTI crude oil (U.S. oil benchmark), increasing the position from $5.7 million to $7.12 million. Currently, this address continues to bet on a cooling of Middle East geopolitical tensions, but it is expected that the price correction of WTI will be much larger than Brent. The specific positions are as follows: WTI crude oil (CL) short: 7x leverage, position size $7.12 million, average price $95, floating profit $1.08 million, liquidation price $113; Brent crude oil (BRENTOIL) short: 7x leverage, position size $1.73 million, average price $101, floating profit $330,000, liquidation price $120. It is reported that on March 9, this address opened short positions in both WTI and Brent crude oil at an average price of $108 when both were near short-term highs on the Hyperliquid platform, and continued to roll the positions.