Brent crude has risen 16% cumulatively amid the resumption of US-Iran tensions, with a whale that timed a long position entry on the same day now holding an unrealized profit of 97% of their principal.

According to Hyperinsight monitoring, the front-month Brent crude oil futures contract broke back above $90 today, hitting an intraday high of $90.97 at the open, and is currently trading around $89, up roughly 15.8% from its closing price on the first day after the resumption of military operations. A major crude oil long whale address (0x0e0) timed two key points of this price movement: in mid-June, when the US and Iran reached a temporary ceasefire agreement and oil prices pulled back, it reduced its position near the liquidation line and exited; on July 8 (Beijing time), the day military operations resumed, it opened a net long position of 32,738 BRENTOIL contracts at an average entry price of $77.8202, with a total position value of approximately $2.5477 million. As of press time, this address holds the above long position with 7x isolated margin. At the current mark price of around $88.62, the position is valued at roughly $2.9012 million, with an unrealized profit of about $353,600, a return of around 97.1%, and a liquidation price of approximately $68.519. In its historical trades, this whale has maintained a one-sided long position in crude oil since March 10, never switching to short positions, with a cumulative realized net loss of roughly $7.0025 million. The current unrealized profit has only recovered about 5% of that loss. After consecutive losses in June and approaching the liquidation line, its re-entry position size has shrunk from a peak of over $25.85 million to around $2.9 million, roughly 11% of its previous peak. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram (TG) group and set it as an admin (enable message sending permission) to automatically sync on-chain news.