Odaily Planet Daily reports, according to Lookonchain monitoring, Oil Bear (0x985f...501f) deposited another $4 million in USDC into Hyperliquid 45 minutes ago to continue shorting oil. This address currently holds short positions worth $35 million in xyz:CL and xyz:BRENTOIL, with an unrealized loss of $1.87 million.
Whale deposits $4M USDC on Hyperliquid to short oil, suffers $1.87M loss
KuCoinFlashShare
Summary
Whale activity on Hyperliquid shows a $4 million USDC deposit to short oil, with $35 million in xyz:CL and xyz:BRENTOIL positions. The whale has already incurred a $1.87 million loss. Traders are advised to implement a stop-loss strategy when managing highly leveraged positions.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.