Whale trader xm39 boosts WTI crude long to $29.52 million while adding to Iran event bet
A Hyperliquid-linked address tied to trader xm39 significantly increased its long position in WTI crude during overnight trading on Sept. 1, booking about $159,100 in realized profit through a series of roll trades. After the adjustments, the position rose to 340,400 contracts, a net increase of 259,100 contracts from before the trades, or roughly 319% higher.
At the time of publication, the WTI position was valued at about $29.52 million. The trade was opened under 20x cross leverage, with an average entry price of $85.649, an unrealized profit of about $364,500, and a liquidation price of $82.611. The address had also placed two stop-loss protection orders: 50,000 contracts to trigger if price falls below $84.65, and another 25,000 contracts below $84.02, covering about 22% of the current position.
Hours before the crude roll, xm39 also bought "Yes" shares on Polymarket three times in the market for whether the United States will invade Iran before 2027. The trader spent $41,700 in total to add 274,500 shares at an average execution price of 15.20%. xm39 now holds 723,900 "Yes" shares valued at about $112,200. With the event’s implied probability at 15.5%, below the trader’s overall cost of 19.24%, the position was showing an unrealized loss of about $27,100.