Gate News reports that on March 6, according to Coinbob’s popular address monitoring, WTI crude oil (U.S. West Texas Intermediate futures) briefly surged over $82 during trading, hitting a recent high, and closed at $79.4. The long and short positions on CL (WTI crude oil mapping contract) on a decentralized derivatives platform continued their battle.
The address starting with 0xf4b opened a 20x leveraged long position on CL before the U.S. stock market opened on March 5, with the position reaching a peak of $14.17 million. Later that morning, after oil prices soared above $81, part of the position was closed at an average price of about $81.2, realizing a profit of approximately $470,000.
The address still holds a 20x leveraged long position on CL, with a current position size of $5.05 million and an unrealized profit of $150,000 (38%), with an average entry price of $76.9. It remains the largest on-chain long holder of CL.
It is reported that this address has recently shorted CL (WTI crude oil) and EWY (Korean ETF) five times. After a period of inactivity in mid-February, it has become active again, with weekly profits reaching $1.51 million, and the current account balance rising to $1.95 million.
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