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This man is going all in on the crude oil short… and it’s getting expensive.
Address 0x60a…685f6 added another 10M USDC to Hyperliquid around 3 AM and doubled down on the trade, increasing exposure through both BRENTOIL and $CL shorts.
Right now, the wallet is holding two massive 2x short positions worth a combined $15.46M 👇
104,835.356 #CL worth $10.35M with an average entry of $94.17 (mark price: $98.73) .
and
49,616.29 BRENTOIL worth $5.11M with an average entry of $97.57 (mark price: $102.97) .
The trade is already running in loss, with a current unrealized loss of roughly $746K, including around $478K lost on #cl and $268K on $BRENTOIL. On top of that, the whale has already paid over $606K in funding fees to keep the positions open.
Despite the rough entry, the whale is still sitting among the top #BRENTOIL positions on Hyperliquid, clearly betting crude oil eventually rolls over.
Address: 0x60a8c761f39696b3b419f31dcda20b405cb685f6