0x9e8b...afc4: Crude oil continues to decline, Hyperliquid's whale opens a $19.8 million short position today

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CryptoWorld News: Crude oil prices continue to fall, and a Hyperliquid whale opened a $19.8 million short position today. Influenced by Trump’s statement that a peace agreement with Iran could be signed as early as this weekend, with the core terms including the immediate reopening of the Strait of Hormuz and the cancellation of transit fees, crude oil prices saw the rate of decline widen further. Hyperliquid’s WTI crude oil contract 24-hour drop widened to 5.45%, while Brent crude oil fell by 5.5%. Today, the largest crude oil position opener continued to drive prices lower with 20x leverage, opening 235,200 WTI crude oil short contracts, with a size of approximately $19.8 million, an average price of $84.97. It has now become the second-largest short position on Hyperliquid for WTI crude oil. One whale holds the largest positions in both of the two major contracts, for a combined total of about $70 million in shorts, with current unrealized profits already reaching $5.9 million.
HYPE4.06%
BZ-4.26%
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MintColdBrew
· 5h ago
Trump said just one sentence, and the Strait of Hormuz transit toll was gone on the spot—WTI immediately crashed by 5 points.
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NFTeaTime
· 5h ago
Using 20x leverage to go all-in on crude oil, this whale really dares to play
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ForkItAnyway
· 6h ago
5.9 million floating profit looks good, but with 20x leverage, a slight rebound could trigger liquidation.
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