BlockBeats message, April 1, according to monitoring by Hyperinsight, recently, MakerDAO co-founder Rune-related addresses partially reduced their holdings of WTIOIL (WTI crude oil) long positions, and the combined long/short positioning scale in crude oil and U.S. stock index futures has moved toward balance.
Currently, this address holds approximately $8.5 million in crude oil long positions (including WTI crude oil and Brent crude oil), and approximately $6.3 million in U.S. stock index short positions (including the Nasdaq 100 and the S&P 500), for total open positions of over $14.8 million. As of the time of publication, this whale has not yet further reduced its positions today.
Over the past week, geopolitical conflicts have continued to escalate. The strategy recorded over $1.4 million in profit as it rode the momentum. However, today, signals of a halt in hostilities between the U.S. and Iran boosted market sentiment; crude oil prices pulled back and U.S. stock index prices rose across the board. The stagflation trade thesis was briefly under pressure, and the address subsequently gave back approximately $600,000 in profits.
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