PANews, May 23: According to on-chain analyst Ai Yi, at 3:00 AM, the address 0x60a…685f6 deposited 10 million USDC into Hyperliquid, followed by additional positions of 28,500 BRENTOIL and 1,000 CL. Its cumulative long position in crude oil shorts now totals $15.49 million, ranking among the top three on Hyperliquid’s BRENTOIL positions, but it is currently experiencing an unrealized loss of $778,000 (plus over $600,000 in funding fees paid).
Whale Adds $10M USDC to Short Oil Positions on Hyperliquid, Incurs $778K Floating Loss
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Summary
Whale activity on Hyperliquid saw a major move as a whale address (0x60a…685f6) added 10 million USDC at 3 a.m. to increase short positions in BRENTOIL and CL. The whale now holds $15.49 million in crude oil short positions, ranking among the top three for BRENTOIL. However, the position is currently down $778,000 in unrealized losses, with over $600,000 in funding fees already paid. Traders are closely monitoring for a potential stop-loss strategy as the position remains at risk.
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