Whale's $80M 'Long Oil, Short BTC' Trade Nets $3.6M in 24 Hours

Huo Xing Finance reported that on April 2, Hyperinsight data showed the "Strategy Counterparty" address (0x94d) booked more than $3.6 million in combined one-day profits from a nearly $80 million "long oil, short BTC" trade, as oil prices jumped and crypto markets pulled back. The whale opened the position yesterday afternoon, when Bitcoin briefly pushed above $69,000 while both WTI and Brent crude dipped below $100. After entry, it scaled in through a series of small adds and had fully built the trade by early today. Key legs of the position: - 20x long BRENTOIL: $39.5 million notional, average entry $100.8, unrealized gain $2.3 million (35%). - 40x short BTC: $38.7 million notional, average entry $68,761, unrealized gain $1.36 million (140%). Despite the profits, the address has not closed either leg. It has also added new exposure: a long position in NATGAS (natural gas) and a short position in the S&P 500, with the two positions totaling about $2.6 million.