「High-Stakes Oil Price Shorting」 Whale Expects Larger Pullback in WTI than Brent, Reduces $1.8 Million Brent Oil Short Position in Favor of WTI Short Position

**March 11 Update** Per HyperInsight monitoring data, the address “High Shorting Global Oil Price” (0x4cd) **slashed its Brent Crude Oil (BRENTOIL) short position by $1.8 million** between last night and this morning, bringing the position down to $1.7 million. The freed-up capital was fully deployed to roll over its WTI Crude Oil (CL) short position, **boosting the current size from $5.7 million to $7.12 million**. ### Current Position Context The address’s trades reflect a bet on **easing Middle East geopolitical tensions**, with expectations that WTI crude will see a far steeper price correction than Brent. ### Breakdown of Positions | Asset | Details | |---------------------|-------------------------------------------------------------------------| | WTI Crude Oil (CL) | 7x leverage | $7.12M position | Avg entry: $95 | Unrealized profit: $1.08M | Liquidation: $113 | | Brent Crude Oil (BRENTOIL) | 7x leverage | $1.73M position | Avg entry: $101 | Unrealized profit: $0.33M | Liquidation: $120 | ### Background Notably, on March 9, the address opened **simultaneous short positions** on CL and BRENTOIL on the Hyperliquid platform at an average price of $108 (near their short-term highs) and has been rolling over the positions since. (Source links: [HyperInsight](https://t.me/HyperInsight), [Hyperliquid](https://app.hyperliquid.xyz/join/NTOD))