The "Long-Short Dual Oil Air Force" quickly engaged in consecutive rolling spot month short positions in CL, reaching a scale of 12.6 million, now the largest short in on-chain oil markets

BlockBeats News, March 10th, according to Hyperinsight monitoring, the 「US, Brent Dual Oil Main Force」 address (0x985f…) showed that within about half an hour, it consecutively rolled over its CL (WTI crude oil) short position, accumulating about 26,960 contracts of CL shorts, with a total value of about 3.42 million U.S. dollars.

After this round of continuous position building, the total value of its CL short position has increased to 12.6 million U.S. dollars, with an average price further reduced to 88.03 U.S. dollars. The current floating profit of this position is about 41,600 U.S. dollars, with a return rate of 0.77%, and a liquidation price of 123.3 U.S. dollars.

This CL short position was opened and continuously rolled over in the past 7 hours. At the same time, the address has been adding to its BRENTOIL (Brent crude oil) short position over the past few hours, increasing the position size to 6.2 million U.S. dollars, with an average price of 91.7 U.S. dollars. Currently, this address holds the largest short positions in BRENTOIL and CL on-chain.