Total's "Oil Sweep + Long" Strategy Rakes in Over $1 Billion, Potentially Setting Record for Largest Single Oil Market Profit

March 30 — Binance will list the BASEDUSDT perpetual contract, per an official announcement.

March 30th — According to monitoring from Hyperinsight (via t.me/HyperInsight), the whale address 0x939 continues to hold a BTC/HYPE hedge pair: a **$28.5 million long position in BTC** (average entry price: $70,557) and a **$19.38 million short position in HYPE** (average entry price: $39). Today, BTC extended its gains, while HYPE briefly tracked BTC’s upward move before retreating below $38 — posting a 4.5% 24-hour drop. Both positions have performed well, with the pair generating **over $1.28 million in profits in the past 24 hours** — validating its bet that BTC would outperform HYPE. This address previously deployed a similar strategy: holding a ~$50 million long position in BTC while shorting ETH, XRP, ADA, and 8 other tokens. That strategy paid off, and its cumulative profit for that cycle still stands at approximately $37.1 million.

On March 30, the U.S. dollar strengthened again as escalating Middle East conflict concerns lifted oil prices and damped risk sentiment. Earlier, the yen firmed after Japanese officials ramped up warnings about potential intervention to support the currency, prompting a slight dollar pullback. But the dollar’s decline was limited and short-lived, buoyed by its safe-haven appeal and the U.S.’s status as a net oil exporter. ING Group’s Chris Turner noted in a report: “Unless Iran delivers a clear easing signal, the dollar is unlikely to give up its monthly gains in the short term.” (FX168)

March 30th According to the latest weekly update from Coinshares, crypto investment products recorded outflows for the first time following five straight weeks of inflows, totaling $4.14 billion. Assets Under Management (AUM) dropped to $129 billion, driven by concerns over the Iran conflict and the Federal Reserve’s shift toward tighter monetary policy. U.S.-focused funds led the outflows at $4.45 billion, while Germany and Canada capitalized on lower price levels to accumulate positions. - **Ethereum**: Saw its largest sell-off on record, with outflows of $2.22 billion. Its year-to-date net inflows remain $2.73 billion, possibly tied to the proposed CLARITY Act. - **Bitcoin**: Posted outflows of $1.94 billion but still holds a year-to-date net inflow of $9.64 billion. - **XRP**: Outperformed peers, recording a record inflow of $15.8 million.

March 30th: A whale address starting with 0x664 has fully closed its SOL short position, incurring an approximate $160,000 loss, according to HyperInsight monitoring. The short was opened after the address deposited ~$440,000 into Hyperliquid within the past 2 hours, with an entry price of $83.5 and a position size of $9.096 million. Following stop-loss liquidation at $84.9, the address withdrew the remaining ~$272,000 from its account and exited.

[NEW YORK, March 30] — Middle East tensions continue to escalate, policy uncertainty is mounting, and U.S. equities are under pressure. The S&P 500 notched a fifth straight weekly drop, its longest weekly losing streak since 2022. While U.S. President Trump has repeatedly signaled de-escalation to calm market sentiment, investor reaction has grown noticeably muted. Market analysis notes that as the conflict drags on unresolved and policies fluctuate, the “Trump Put” effect is fading. Investors are no longer trading solely on policy statements—they’re even taking contrarian positions when no tangible progress emerges. Meanwhile, oil prices stay elevated—WTI crude topped $100—exacerbating global stagflation fears. Coupled with Middle East uncertainty, market risk aversion is rising. The VIX (volatility index) has climbed above 31, well above its historical average. Institutions broadly agree that without tangible de-escalation in the Middle East—especially stabilization of the S