WTI Crude Surges 3.2% as Chainthink Reports Major Short Positions in Loss

Chainthink

Release Time: 03/20/2026 10:20:43

Summary

On-chain data from Chainthink shows WTI crude prices rose 3.2% on March 20, with the CL contract on Hyperliquid reaching $96.4 in pre-market trading. On-chain analysis reveals that major short positions are now underwater, 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.

ChainThink 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 accumulating a 3.2% gain since 16:00. The CL (WTI crude) 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.

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