Brent Oil Rises 15.6% in Two Weeks as Whale Unwinds $5.44M Long Position

MarsBit

Release Time: 05/20/2026 08:34:49

Summary

Brent oil position trading experienced a major shift as prices rose 15.6% from May 7 to May 20, 2026, with Brent crude futures reaching $109.80 per barrel. On Hyperliquid, the BRENTOIL contract trades at $105.37, with $128 million in intraday volume. A whale with a $16 million long position reached break-even and closed $5.44 million worth of positions over two hours, reducing holdings from 151,057 to 99,716 contracts. Position sizing remains critical, as the whale still holds $10.5 million in remaining contracts, averaging $103.34.

HuoXing Finance reports that, on May 20, according to Coinbob’s popular address monitoring, Brent crude oil futures (2607) have rebounded over 15.6% from their low on May 7, trading at $109.8 per barrel. The BRENTOIL contract price on Hyperliquid is currently at $105.37, with a daily trading volume of approximately $128 million. This rally has enabled a $16 million long position in BRENTOIL on-chain to break even today. The whale immediately reduced its position significantly over the past two hours, lowering holdings from 151,057 contracts to 99,716 contracts—a reduction of approximately $5.44 million. The average entry price was $103.34, and the whale still holds a remaining position of about $10.5 million. Address: 0x7f5ff9f8da891ffe5229e33b90959ae1e6d5f47e

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