BlockBeats news, on March 27, according to monitoring by Hyperinsight, in the past hour, after Iran announced that “the Strait of Hormuz has been closed,” an on-chain whale starting with 0xfee opened a long position in BRENTOIL (Brent crude oil) with 8 times leverage, with an average entry price of $103.3, a position size of $6.7 million, and a liquidation price of $92.7.
At the same time, it also briefly opened a short position in ETH with 20 times leverage, with a position size of $1.02 million, bringing the total position size to $7.7 million. This may be intended to bet on the escalating situation between the U.S. and Iran, where crypto assets are under pressure during rising oil prices.
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