Under Geopolitical Tensions, 「Strategy Opponent Plate」 Takes Profit from Oil and Gas Gains and Shifts Focus, Increasing Position to $105 Million in Anticipation of Cryptocurrency Market Pullback
**March 19th** — HyperInsight monitoring data shows that over the past 6 hours, the "Strategy Whale" address (0x94d) closed out all its long positions in CL (WTI Crude Oil) and NATGAS (US Natural Gas), locking in gains from the geopolitical-driven surge in oil and gas prices.
Subsequently, the address used the freed-up margin to further expand its short positions in BTC and ETH. At the time, BTC was trading around $71,000, and the average entry price for the two short positions was later lowered. Combined, the BTC and ETH short positions now total $105 million in size.
Likely due to Brent crude’s intraday gain outpacing WTI crude’s by a notable margin, the address still holds roughly $4.32 million in Brent crude long positions — a sign of a partial exit from its energy holdings. This position shift likely signals a bet that the US-Iran conflict’s boost to energy prices is fully priced in, a short-term peak is either imminent or already hit, and risk assets are poised for a pullba
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Energy Facility Entanglement in US-Iran Conflict Escalates International Oil Prices, "US, Brent Oil Main Force" Short Positions Loss Widens to $2.3 Million
March 19th — HyperInsight monitoring data shows that as the U.S.-Iran conflict continues to escalate, Iran has targeted three Middle Eastern oil facilities, disrupting energy supply and sending WTI and Brent crude prices soaring.
On the Hyperliquid platform, WTI Crude (WTICRUDE) jumped 4.5% intraday, hitting a high of $98 at one point and last trading at $96.65. Brent Crude surged nearly 10% intraday, currently trading at $107.
As a result, a whale account on the platform — “U.S.-Brent Oil Dual Short Main Force” (address 0x985), which held short positions in both major crude oils — saw its unrealized losses widen to $2.3 million. The account’s total position size is $29.5 million, with both short positions initiated around the $91 level.
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Abraxas Capital Increases Short Position on Gold, Total Position Rises to $18.8 Million
On March 19, monitoring data from The Data Nerd indicates Abraxas Capital has continued to expand its gold short position. The position now stands at approximately $18.8 million, making it the largest holding in the firm’s portfolio.
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Key Gas Field Facility Damage Causes 10% Intraday Natural Gas Price Surge, "Crypto KOL CBB" Increases NATGAS Short Position to $3.7 Million
March 19 – According to HyperInsight monitoring, escalating U.S.-Iran tensions overnight and early this morning damaged key natural gas facilities in Iran and Qatar, driving U.S. natural gas prices sharply higher.
Hyperliquid’s NATGAS contract surged nearly 10% intraday, hitting a peak of $3.21 before retreating to $3.14.
During this period, crypto KOL CBB (0xefd) continued to add short positions in NATGAS on Hyperliquid. The position totals $3.71 million, with an average entry price of $3.13 and an unrealized loss of $15,000 (-1.1%).
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XRP Treasury Company Evernorth Submits S-4 Filing, Aims to Raise $1 Billion through SPAC Merger for Public Listing
March 19th, per The Block: Ripple-backed crypto firm Evernorth has filed an S-4 registration statement with the U.S. SEC to advance a business combination with Armada Acquisition Corp. II, a SPAC backed by Arrington Capital. Upon closing the merger, Evernorth aims to become a publicly traded XRP treasury company on Nasdaq under the ticker XRPN.
Evernorth plans to raise over $1 billion through the transaction—primarily for open-market XRP purchases and building a leading global institutional-grade XRP treasury. Unlike passive crypto funds or ETPs, it will focus on long-term XRP holding growth via lending, liquidity provision, and DeFi yield strategies. The firm also intends to operate XRP validator nodes and integrate Ripple’s RLUSD stablecoin into the DeFi ecosystem.
Investors include Japan’s SBI Holdings (committing $200 million), Ripple, Pantera Capital, Kraken, GSR, and Ripple co-founder Chris Larsen. Ripple CEO Brad Garlinghouse and other executives will serve as strategic ad
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