Oil Price Shorting Whale Records Significant Profits Amid Market Fluctuations

On April 14, a significant market move was observed as a large-scale trader, identified by the address 0x4cd, executed a substantial short position on oil prices. According to BlockBeats, this trader opened a $4.8 million short position on both WTI and Brent crude oils at prices of $99.935 and $99.03, respectively, capitalizing on the recent price peaks. The trader's strategy paid off as oil prices experienced a significant pullback, resulting in a profit of approximately $300,000, with a return rate of 26.6%. In the past hour, the trader increased the scale of the short positions to $7.98 million, continuing to add to the positions. Currently, the trader holds a $3.87 million position in WTI oil with a 7x leverage, reducing the average price to $97.9 and showing a floating profit of $248,000. The liquidation price is set at $112.8. For Brent oil, the position is $4.1 million with a 7x leverage, an average price of $94.8, and a floating profit of $80,000, with a liquidation price of $116.3. It is noted that on March 9, this address initiated a similar strategy by shorting both WTI and Brent crude oils at a short-term peak with a 7x leverage and an average price of $108, resulting in a daily profit of $1.2 million.