News from Bidi World: After a massive surge in crude oil, a whale starting with 0xa314 executed a cross-asset pairing trade with a total size of about $15 million, going long WTI and shorting Brent, expecting WTI to remain strong. From July 14 to July 23, on HyperLiquid, WTI and Brent rose by about 16.4% and 13.1%, respectively. But after geopolitical risks cooled down, both crude oils fell in sync, causing the trade to fall through and not materialize. The whale currently holds about 86k WTI long positions and 90k Brent short positions, with a total value of about $15.1464 million, and accumulated losses of about $444.4k.

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