Multiple whales open crude oil long positions despite price drop below $85

KuCoinFlash

Release Time: 03/11/2026 02:00:46

Summary

On March 11, 2026, as crude oil prices fell below $85, multiple large holders initiated long positions in crude oil as part of a long-term crypto strategy. Address '0x547' opened a 20x leveraged crude oil long position and maintains a 10x HYPE long position. A new wallet, '0x7f5', deposited $5 million in USD Coin to establish a 1x crude oil long position. Address '0x0e0' added a 7x leveraged crude oil long while simultaneously shorting Bitcoin and Ethereum with 5x leverage.

BlockBeats news, on March 11, according to Onchain Lens monitoring, despite crude oil prices continuing to decline and falling below $85, several whales are increasing their long positions in crude oil.

Data shows that the whale address '0x547' has opened a 20x leveraged long position in Crude Oil and is also holding a 10x leveraged long position in HYPE;

Another newly created wallet address, '0x7f5', deposited $5 million in USD Coin and opened a long position in crude oil with 1x leverage;

Additionally, the whale address '0x0e0' has opened a 7x leveraged long position in crude oil, while simultaneously holding 5x leveraged short positions in Bitcoin and Ethereum.

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