Gate News reports that on March 12, according to Hyperinsight monitoring, international oil prices continued to rise. WTI crude oil (West Texas Intermediate) increased by about 7% to $93.3 per barrel, and Brent crude (European benchmark) rose over 7.4% to $98.8 per barrel. On a decentralized derivatives platform, CL (WTI crude oil) prices also moved upward, currently at $92.1, with a 24-hour increase of 10%.
Despite the IEA (International Energy Agency) releasing strategic reserves, it failed to effectively suppress oil prices. On-chain data shows that after the news, 8 out of 9 major whales holding over a million dollars in CL positions chose to chase the rally and open long positions. Meanwhile, funding rates, although narrowing, remain negative, indicating that overall market sentiment is still bearish.
Additionally, monitoring shows that an address starting with 0x863b opened a long position at an average price of $85.3 yesterday at 8 AM, with a current position size of approximately $4.32 million, and unrealized profits of $320,000. Furthermore, after the news of G7 leaders scheduled a conference call yesterday, four major whales (with average entry prices between $83 and $84) mostly closed their positions to take profits.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
SUI Price Eyes $1.10 Breakout as Whale Positions Rise
Key Insights
SUI trades at $0.96 with RSI at 53.66, showing neutral momentum while maintaining upside room for expansion toward resistance levels.
Whale positioning at 70% long signals strong institutional confidence, aligning with rising open interest and steady capital inflows despite
CryptoNewsLand1h ago
Cardano Price Eyes Breakout as ADA Forms Bullish Pattern
Key Insights
ADA forms a cup and handle pattern on the two-hour chart, signaling potential continuation if price breaks above the key resistance zone soon.
Trading volume and open interest rise together, confirming fresh market participation, while balanced liquidations indicate neither
CryptoNewsLand3h ago
OpenSea CMO Adam Hollander Buys uPEG, Ethereum Token Surges Over 300%
Gate News message, April 25 — OpenSea CMO Adam Hollander purchased a small amount of uPEG, an Ethereum-based token, this evening, stating he was "simply interested in the concept and wanted to experiment." The purchase triggered a sharp rally, with uPEG surging over 300% in a short
GateNews6h ago
TRADOOR Token Crashes 90% in 30 Minutes Amid Suspected Price Manipulation and Wash Trading
Gate News message, April 25 — TRADOOR token experienced a sharp 90% price crash over 30 minutes at 2:00 AM today, according to on-chain analyst Specter. The token had surged as much as 900% since March 2026 before the sudden collapse, raising suspicions of price manipulation and coordinated
GateNews7h ago
Ethereum NFT Trading Volume Hits $3.93M in 24 Hours, BAYC Surges Over 266%
Gate News message, April 25 — According to CryptoSlam, Ethereum NFT trading volume reached $3.934 million over the past 24 hours, up 72.78%. BAYC led the market with over $1.45 million in trading volume, posting a 266.35% surge in 24-hour activity.
Courtyard generated approximately $980,000 in trad
GateNews12h ago
AAVE, ZRO Drop 20% Following Kelp DAO Hack
AAVE and ZRO tokens declined approximately 20% over one week following the Kelp DAO hack on the 18th, which exposed structural vulnerabilities in the DeFi lending and cross-chain bridge infrastructure. As of the 24th at 11:15 AM (according to CoinMarketCap), AAVE traded at $94.68 (down 16.53% weekly
CryptoFrontier13h ago
