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The "Long and Short Air Force of Crude Oil" significantly reduced their short position in CL, still holding a position worth approximately $21 million.

2 hours ago

On March 24, HyperInsight monitoring (via https://t.me/HyperInsight) noted international oil prices plunged amid easing U.S.-Iran tensions. However, whales betting against U.S. WTI (xyz:CL) and Brent crude still face losses. This morning, one such whale cut losses by slashing its xyz:CL short position while retaining short exposure in other assets. Currently, the whale holds an xyz:CL short worth ~$21 million, with a floating loss of ~$250,000. Post-reduction, it still maintains shorts across 10 assets, with a total account value of $24.94 million in USDC—including a ~$5 million short on Brent crude (xyz:BRENTOIL).
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