Short-term physical demand lifts U.S. crude oil above Brent crude: On-chain whales close out $13.4 million in Brent long positions and fully rotate their entire position into U.S. crude oil.

MarsBitNews · 2026-04-03T10:04:22+00:00

Disruption of Middle Eastern crude oil transportation has prompted the market to shift towards WTI crude oil, with U.S. oil futures prices surpassing Brent. After the big whale liquidated its long position in BRENTOIL, it redirected funds into WTIOIL, increasing the position size to $35.4 million, with current unrealized gains of $2.72 million.

MarsBitNews

2026-04-03 10:04:22

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Mars Finance news: On April 3, according to monitoring by Hyperinsight, disruptions to Middle Eastern crude oil transport have pushed the market toward WTI crude’s spot demand. U.S. oil futures prices have risen above Brent Oil; on the Hyperliquid platform, WTIOIL is currently trading at $111, and intraday trading volume has also simultaneously surpassed BRENTOIL. Under this market, a giant whale starting with 0x9d3 continued to liquidate a BRENTOIL long position with 20x leverage throughout last night and this morning, closing out the entire $13.43 million position. Ultimately, the profit was about $2,830. Immediately, the released margin was fully redeployed into WTIOIL, increasing the position size to $35.4 million, with an average price of $102.5. Current unrealized profit is $2.72 million (+15.5%).

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