A major crypto and commodities trader, identified by the address 0x8af, has closed its $5.6 million short positions in WTI crude oil and shifted to long positions across U.S. equities, commodities, and cryptocurrencies, totaling $63 million. This strategic move comes as crude oil prices rise and both U.S. stocks and the crypto market experience pullbacks. The trader's current major positions include a 10x long on XYZ100 with a position size of approximately $38.89 million, an average price of $24,861.13, and an unrealized loss of $901,400. Additionally, a 40x long on Bitcoin holds a position size of about $8.69 million at an average price of $69,495.5, yielding an unrealized profit of $82,400. The trader also maintains a 5x long position in crude oil, valued at approximately $4.02 million, with an unrealized profit of $52,300.