Trade.xyz Traditional Asset Contract Position Hits New High, Total Position in US and Brent Crude Surpasses $770M

March 30 — Binance Alpha has integrated Based (BASED) at 4:00 PM ET today, per an official announcement.

On March 30th, Hyperinsight monitoring data shows a whale with an address starting with 0xe60 fully closed its prior ETH short position—opened at an average price of $2,035—incurring a loss of roughly $61,000. Immediately after being stopped out, the whale opened a new ETH short position at an average price of $2,060. This new position has a larger size than the previous trade, totaling $10.3 million, with a liquidation price set at $2,166.

On March 30, blockchain analytics firm Lookonchain reported that a whale address has deposited 1,102 BTC to Binance, with the tokens valued at approximately $74.21 million. The BTC was acquired by this address 8 months ago at a price of $117,770 per BTC, and the address currently faces an unrealized loss of roughly $55.60 million—equivalent to a 43% decline.

March 30 — TotalEnergies raked in over $1 billion in profits in March, likely the biggest single trading gain in oil market history, as Middle East tensions escalated and the Strait of Hormuz was blocked. The energy giant made large-scale purchases of Middle East spot crude and deployed a derivative long strategy to capitalize on the turmoil. Reports show it chartered roughly 70 vessels for May loading of UAE and Oman crude, doubling its procurement volume from February. Against a backdrop of plummeting market liquidity, TotalEnergies’ dominant position pushed Dubai crude prices soaring from around $70 to $170 per barrel. Industry insiders note that amid disrupted pricing benchmarks and reduced deliverable crude supplies, TotalEnergies used coordinated paper market positions (via futures, options) to significantly influence prices. The oil cost spike has also squeezed Asian buyers, further shaking the existing crude pricing system.

March 30 — As the Iran conflict disrupts Saudi Arabian crude pricing and sends oil prices soaring, anxious Asian buyers are pushing the kingdom to switch to an alternative supply pricing mechanism. Saudi Aramco is finalizing crude costs for May deliveries, with pricing sheets expected to reach buyers in the coming days. Traders project the premium for its flagship Arab Light crude — tied to regional benchmarks — will jump to an unprecedented ~$40 per barrel, up from just $2.50 in April. Saudi Aramco’s monthly contract prices typically set differentials against underlying benchmarks: S&P Global Platts-assessed Dubai prices and DME Oman crude futures. Some Asian refiners have already asked Aramco to link its crude to Brent futures, while other alternatives are on the table. These include using Shanghai Futures Exchange (SHFE) oil prices (net of freight and related costs) or referencing other crudes like UAE’s Upper Zakum. Traders at Saudi crude-importing refiners note negotiatio