Article Title: Institution: Oil Price Will Still Be the Biggest Market Driver, CPI Impact Possibly Limited

On March 11, Nomura Securities noted that the Bank of England (BoE) is set to cut interest rates by 25 basis points in April and July—revising its prior forecast that had projected rate cuts in March and June. (FXStreet)

March 11th — International oil prices rebounded, per Hyperinsight Monitoring data: WTI crude surged over 6% to $88.6/bbl; Brent crude climbed more than 5% to $92.44/bbl. Hyperliquid’s contract prices tracked the gains: its CL (WTI) contract traded at $88.2, while BRENTOIL (Brent) was at $89.7. Despite the modest price recovery, the platform’s funding rate remains negative, signaling lingering bearish market sentiment overall. Notably, among Perp DEX platforms offering CL contracts, Pacifica’s funding rate is positive — a 0.0035% spread from Hyperliquid’s rate.

On March 11th, per Coinbob Popular Address Monitor, CRCL (Circle) has rallied for two consecutive days, hitting an intraday high of $121 today. On Hyperliquid, the contract is currently trading at $117. The platform’s largest long position address has seen its unrealized gains expand to $460,000 (38%), with a position size of $4.33 million and an average entry price of $104. The position was opened 5 days ago, and the address has since added to its long position near $102. Notably, this address is also the largest long holder of on-chain EWY (Korea ETF), with a position size of roughly $6.5 million and an average entry price of $128. It bet on a rebound following a sharp drop in the Korean stock market, currently holding an unrealized gain of 26% and a weekly profit of $850,000.

On March 11, Arkham Monitor data shows Antalpha had previously acquired $2.41 billion worth of Tether Gold (XAUT) at an average price of $3,693—equivalent to more than 1.8 metric tons of gold. Currently, Antalpha holds over $100 million in unrealized gains and has just transferred $15 million worth of XAUT to Cobo.

As of March 11th, HyperInsight monitoring (via https://t.me/HyperInsight) shows that top short positions across major commodities—including Gold (GOLD/PAXG), Silver (SILVER), Crude Oil (CL/BRENTOIL), and more—on the Hyperliquid platform (https://app.hyperliquid.xyz/join/NTOD) are all bearish, with a collective value exceeding tens of millions of dollars. Below are the largest short positions for each key commodity: - **Largest GOLD Short**: $27.4M position, avg. entry price $5113, unrealized loss $370k; also holds $8.5M in SILVER shorts. - **Largest PAXG Short** (“On-chain Stock Trader”): $15.6M position, avg. entry price $5028, unrealized loss $470k; also holds $10.7M in CL shorts. - **Largest SILVER Short**: $12.9M position, avg. entry price $95.1, unrealized gain $1.18M. - **Largest CL Short**: $25.6M position, avg. entry price $83.5, unrealized loss $850k; also holds $1.5M in NATGAS (Natural Gas) shorts. - **Largest BRENTOIL Short** (“U.S. and U.K. Oil Coalition”): $7.2M

On March 11, Changpeng Zhao (CZ), founder of Binance, said in a social media post: “Forbes’ estimate of my net worth is way off. Binance is on track for roughly $5 billion in annual revenue, but they pegged my net worth at $110 billion. I think if I tried to claim a super high net worth, they’d actually rank me lower — or even take me off the list entirely.” Earlier reports noted that Forbes’ latest billionaire ranking put CZ’s personal net worth at around $110 billion — up $47 billion from last year — landing him at No. 17 on the global billionaire list.