On March 13, according to Hyperinsight monitoring, the "US and Brent crude oil main short" address (0x985f…) continuously reduced positions and cut losses on BRENTOIL (Brent crude oil) this morning, with cumulative reductions of nearly 30,000 lots, equivalent to approximately $5.4 million. Its current relevant crude oil positions:

20x CL long position: position size approximately $23.7 million, average price $90.4, floating loss $1.1 million (-9.6%);

20x BRENTOIL long position: position size approximately $17.8 million, average price $91.8, floating loss $1.04 million (-12%);

It is reported that the trader's main judgment is betting on falling oil prices. During the oil price rise in the early morning hours today, the trader significantly rolled over CL short positions with a scale exceeding 95,000 lots, equivalent to approximately $9.13 million. However, after oil prices declined this morning, the trader chose to reduce BRENTOIL positions, possibly judging that during the overall downward movement, CL's premium relative to Brent is excessively high$XTI