According to on-chain analyst Onchain Lens (@OnchainLens), as oil prices fell below $85, a whale address opened a 235,245-contract short position in $CL (crude oil futures) on Hyperliquid with 20x leverage, representing a notional value of approximately $19.38 million, with current unrealized profits exceeding $600,000.
Whale opens a $19.38M short position on crude oil with 20x leverage
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Summary
A whale has opened a $19.38M short position on crude oil futures with 20x leverage on Hyperliquid. The trade consists of 235,245 $CL contracts, with unrealized profits exceeding $600,000 as prices dropped below $85. The position size reflects a high-risk, high-reward strategy amid volatile market conditions.
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