WTI crude oil came under pressure and briefly declined before the US stock market opened. "Trader CBB" has on-chain positions with 18 million in short orders, already recording significant unrealized gains.

2026-03-05 10:29:38

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Mars Finance reports that on March 5, according to Coinbob’s popular address monitoring, U.S. stock market futures for WTI crude oil declined before the open, briefly dropping to $75, with a 1-hour decline of 2.8%. Crypto KOL CBB (address: 0xefd) significantly increased their short position on CL (WTI crude oil futures) around the 15th today, raising their holdings to $18 million at an average price of $77.2, with unrealized gains of $390,000 (6%), making it the largest on-chain short position in CL. In the past half hour, this address has closed nearly $6 million in positions, and is still actively taking profits as of press time.

On the news front, the latest EIA data (for the week ending February 27) shows that crude oil inventories in the Cushing, Oklahoma area (the pricing and delivery point for WTI) have reached recent highs. U.S. Treasury Secretary Yellen stated that the crude oil market is well supplied.

Crypto KOL CBB (X: Cbb0fe), a veteran trader and on-chain player with about 100,000 followers on X social platform, gained widespread attention for organizing a large-scale BTC short whale hunt involving hundreds of millions in 2025. Currently, they engage in high-frequency trading of commodities on Hyperliquid, mainly taking short positions.

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