According to TradingBeats (formerly Hyperinsight), whale address xm39 accumulated approximately 214,800 WTI crude oil long contracts on September 7, with a nominal value of about $19.75 million, bringing its holdings from roughly 171,300 contracts to 386,200 contracts, an increase of about 125%.
Crude Oil Position Shows Floating Profit of $383K
As of press time, xm39's total crude oil long position stands at approximately $35.885 million, with an average entry price of $91.93, resulting in a floating profit of about $383,000 that has yet to be realized.
Polymarket Bet on US-Iran Conflict Remains Underwater
Beyond crude oil, xm39 still holds 844,800 'US invades Iran by 2027' Yes shares on the prediction market Polymarket, with an average cost corresponding to an implied probability of 18.53%. The current probability is 14.5%, giving the position a value of around $122,500 and a floating loss of $34,100.
U.S. Consumers Face $100B Extra Fuel Costs from Iran Conflict
Brown University estimates that as of September 7, U.S. consumers have incurred approximately $100 billion in additional gasoline and diesel expenditures due to the Iran conflict. Against this backdrop, xm39's crude oil long position has seen its floating profit expand, while the prediction market bet on the specific event of a US invasion of Iran remains in the red.
Previous Coverage
BlockBeats previously reported that xm39, with a 95% win rate, has been dubbed a 'smart money' whale, transitioning from a crypto whale to a US-Iran war trader, earning $3 million in monthly profit.