The news of the Strait of Hormuz closure is fermenting, and a major whale has temporarily built a position of 7.7 million in a long ETH options and short ETH combo.

MarsBitNews · 2026-03-27T10:46:54+00:00

Mars Finance reports that on March 27, following Iran's announcement to close the Strait of Hormuz, a whale opened a Brent crude oil long position with 8x leverage on-chain, holding $6.7 million, and also opened an ETH short position with 20x leverage, with a total position of $7.7 million, possibly betting on escalating US-Iran tensions and rising oil prices.

MarsBitNews

2026-03-27 10:46:54

Abstract generation in progress

Mars Finance reports that on March 27, according to monitoring by Hyperinsight, in the past hour, following the announcement from Iran that “the Strait of Hormuz has been closed,” an on-chain whale starting with 0xfee opened a long position on BRENTOIL (Brent crude oil) with 8x leverage, with an average entry price of $103.3 and a position size of $6.7 million, and a liquidation price of $92.7. At the same time, it also briefly opened a short position on ETH with 20x leverage, with a position size of $1.02 million, bringing the total positions to $7.7 million. This may be aimed at betting on the escalating situation between the U.S. and Iran, with crypto assets under pressure during the rise in oil prices.

ETH-4,03%

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