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Brent Crude Surges 16% amid US-Iran Conflict Restart; Day Trader Goes Long and Generates 97% ROI
  • US0%

BlockBeats News, July 20th, according to Hyperinsight Monitoring, Brent Crude Oil Futures' continuous contract broke through $90 today. It rose to $90.97 at the opening, currently trading at around $89, representing an approximately 15.8% increase from the closing price on the first day after the military operation resumed.

A crude oil whale (0x0e0) hit two key points in this round of market movement: in mid-June, the temporary ceasefire arrangement between the US and Iran and the subsequent oil price drop, during which it reduced its position near the liquidation line; on July 8th, the day the military operation resumed, it net longed 32,738 contracts of BRENTOIL, with an average entry price of $77.8202, with an opening position value of approximately $2.5477 million.

As of the time of writing, this address is holding the above long position with 7x leverage, calculated at an approximate mark price of $88.62. The position value is around $2.9012 million, with an unrealized profit of about $0.3536 million, a return rate of approximately 97.1%, and a liquidation price of around $68.519.

In historical trades, this whale has always been long on crude oil since March 10th, never switching to a short position, with a cumulative realized net loss of approximately $7.0025 million. The current unrealized profit only recovers about 5% of this loss. After experiencing continuous losses in June and approaching the liquidation line, its re-entry scale has shrunk from a peak of over $25.85 million to around $2.9 million, about 11% of the previous amount.

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Source: BlockBeats

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