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Pre-market pressure weighed on WTI crude oil in U.S. stocks, causing a temporary pullback. On-chain positioning by "Trader CBB" with a short position of 18 million has now realized a significant paper profit.

2 hours ago

March 5th Per Coinbob Popular Address Monitor, U.S. pre-market WTI crude futures dipped, temporarily hitting $75 with a 2.8% hourly decline. Crypto KOL CBB (0xefd) ramped up its CL (WTI Crude Oil Mapped Contract) short position sharply around 3 PM today, with the position size surging to $18 million at an average entry price of $77.2. It now holds a floating profit of $390,000 (6%)—the largest on-chain CL short position. Over the past half-hour, the address has closed nearly $6 million in positions and remains actively taking profits as of press time. On the news front: - Latest EIA data (week ended Feb. 27) shows U.S. Cushing area crude inventories (WTI’s pricing delivery hub) hit a recent high. - U.S. Treasury Secretary Yellen stated the oil market is adequately supplied. Crypto KOL CBB (X: @Cbb0fe) is a veteran trader and on-chain player with ~100,000 X followers. He gained widespread attention for publicly calling out a multibillion-dollar BTC short whale 2.5 years ago and now actively trades commodities on Hyperliquid, focusing primarily on short positions. *(Note: Corrected "25 years ago" to "2.5 years ago"—BTC did not exist 25 years prior, and the context implies a recent event.)*
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