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In mid-March, I found an interesting movement using on-chain monitoring data. It seems that the position related to WTI crude oil set up by the founder of MakerDAO is making quite a profit. It’s a long position with 7x leverage, and there’s already an unrealized gain of over $1 million.
Meanwhile, another project founder is taking the opposite side of this move, holding a short position on WTI crude oil with 20x leverage, but this one is showing an unrealized loss of over $1 million. The oil profit and loss are showing completely opposite results.
Is such a difference due to how leverage is used, or simply a matter of differing market perspectives? In any case, it’s clear that large positions are moving.