Crude Oil WTI Surges Over 20% This Morning, Largest Long Position in On-Chain Crude Oil Shows Unrealized Gains of $1.7M

BlockBeats News, March 9th, according to Coinbob Top Address Monitor data, the price of the WTI crude oil synthetic asset on Hyperliquid surged to above $110 this morning, a 22% increase, currently trading at around $117 per barrel.

The largest on-chain long whale of the CL (WTI Crude Oil Synthetic Asset), address 0x30d, opened a 20x leveraged long position two days ago at an average price of around $92. The current unrealized profit has expanded to $1.7 million (45%), with a position size of approximately $8.7 million.