"Major Whale Liquidates Oil Short Position Across Three Markets" Whale Closes Out Oil Short Position for Profits, Retains $48 Million BTC and Nasdaq Positions

MarsBitNews · 2026-03-16T02:50:38+00:00

Mars Finance reported that on March 16, monitoring showed that an address took concentrated profit-taking on WTI crude oil short positions, reducing holdings by 51,025 contracts and realizing profits of approximately $473,000. CL short position holdings have now decreased to $2.5 million. The address primarily holds cryptocurrencies and U.S. stocks, with overall trading profits exceeding $50 million.

MarsBitNews

2026-03-16 02:50:38

Abstract generation in progress

Mars Finance News, March 16 — According to Hyperinsight monitoring, in the past four hours, an address labeled “Major Market Positioning” (0x8af7…) has been actively closing its short positions in CL (WTI crude oil), reducing a total of 51,025 units worth approximately $5.05 million, with a profit of about $473,000. After this reduction, its CL short position has decreased to $250,000, with an average price of $106.28, nearly fully closed. Currently, this address’s positions in commodities have been mostly settled, with main holdings remaining in cryptocurrencies and U.S. stocks, totaling about $48 million in BTC and Nasdaq 100 (XYZ100) long and short positions. Previously, this address achieved over $50 million in full-cycle profits from altcoin short positions. In the past month, it has engaged in trading commodities, cryptocurrencies, and U.S. stocks simultaneously, each with different hedging strategies across the three major markets.

BTC3,38%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.