WTI Crude Oil Rises 3.2%, Chain-Based Short Positions Incur Losses

KuCoinFlash

Release Time: 03/20/2026 10:26:20

Summary

On-chain data shows WTI crude oil prices rose 3.2% in pre-market trading on March 20, with the CL contract on Hyperliquid reaching $96.4. On-chain analysis reveals that major short positions are under pressure, including the largest CL short holder (0x985). The largest position, a 20x leveraged short, now faces a $1.43 million loss, with a total size of $24 million and an average entry price of $90.42.

BlockBeats report, March 20: According to Hyperinsight monitoring, during pre-market trading in the U.S., international oil prices rose sharply in the short term, with WTI crude oil up 3.2% cumulatively since 16:00. The CL (WTI crude oil) contract price on Hyperliquid rose in tandem, currently trading at $96.40.

On-chain positions exceeding $10 million are overwhelmingly held by whales on the short side, all of whom have suffered unrealized losses during this rally.

Among them, the largest on-chain CL position is held by "US and Brent Crude Oil Mainstream Short Sellers" (0x985), which currently holds a 20x leveraged CL short position with an unrealized loss expanding to $1.43 million, a position size of approximately $24 million, and an average entry price of $90.42.

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.