BlockBeats News, July 14th, according to Hyperinsight Monitoring, a whale starting with 0xdcc executed a short sell on Brent Crude Oil (BRENTOIL) today at 02:08, with an average open price of $82.348 for 18,452.29 contracts, with a nominal value of approximately $1.5195 million. Subsequently, the oil price continued to rise to around $84.4. The short position was closed out after only about 6 hours, as it was liquidated twice by the system at 08:16.

On the news front, the U.S.-Iran tensions escalated from the weekend to Monday. Trump announced yesterday the resumption of naval blockade on Iranian shipping, covering Iran's coasts, ports, and oil terminals, raising the risk of supply disruption in the Strait of Hormuz. In response, Brent Crude Oil rose by 9.59% on July 13th, closing at $83.30, marking its highest closing price in nearly a month.

It is worth noting that this whale had accurately positioned for the recent oil price surge. Starting from July 9th, they accumulated a long position of 26,066.57 BRENTOIL contracts, but closed them all out at 01:39 today, realizing a total profit of approximately $39,200. However, merely 29 minutes after closing their long position, the address reversed from long to short, perfectly timing this round of price increase.

After liquidating a total of 18,452.29 contracts between the two rounds, with a nominal amount of approximately $1.5576 million, they have realized a loss of about $38,100, nearly wiping out the profits from the previous long position. Following the liquidation, the address no longer holds any open positions.

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