Major Whale Shorts $35.7 Million in Crude Oil Derivatives on Hyperliquid with 3x Leverage

A prominent trader deployed $35.7M in short positions for CL and BRENTOIL on Hyperliquid, capitalizing on a 4-month price low. The move yielded $1.3M in unrealized profits as oil retreated from conflict-driven highs.

Monitored by Woofun AI, WTI and Brent crude oil prices have retreated to near four-month lows, effectively erasing gains previously driven by initial US-Iran tensions. On the Hyperliquid platform, WTIOIL declined by approximately 1.63% over the past 24 hours, while BRENTOIL fell by roughly 1.46% in the same period.

A significant whale address, identified as 0x17c3c8fdbcb7d1b240ce08965e09b1fc91cba868, has accumulated substantial short positions in both CL and BRENTOIL over the last four days. This entity currently holds a $21.98 million short in CL at an average entry of $75.32, alongside a $13.71 million short in BRENTOIL entered at $79.34. These leveraged bets have generated $1.3 million in unrealized profit, reflecting a bearish stance on the commodity's near-term trajectory.