Odaily Planet Daily reports, according to Hyperinsight monitoring, the whale address starting with 0xc278 has completed 61 BRENTOIL trades since trading Brent crude oil on March 19, with 59 being long positions and only 2 being short positions, resulting in a long position ratio of 96.7%. The total net loss across all 61 trades amounts to approximately $2.431 million, with positions exceeding one million dollars accounting for 99.4% of the total losses.
Yesterday, its Brent long position was again triggered for liquidation. A total of 47,600 BRENTOIL long positions were liquidated in this round, with a total liquidation value of approximately $4.046 million, a weighted liquidation price of approximately $84.99, and a combined loss of about $275,000. After the liquidation, this address holds no remaining Brent positions.
Before liquidation, BRENTOIL on Hyperliquid dropped from a high of $91.68 to a low of $82.81 on Sunday, marking a maximum decline of 9.7%; its final liquidation price was approximately 7.6% below the peak. This decline occurred primarily after Trump indicated he would pause new strikes against Iran and stated that a ceasefire agreement in the Middle East was nearing completion.
In early April, this whale suffered losses of approximately $882,000, $513,000, and $460,000 on three consecutive long positions, yet has continued to hold almost exclusively long positions in crude oil, repeatedly recording the largest single liquidation on the network.