A whale yesterday accurately top-ticked Oil on-chain at an average price of $114, with a sky-high position that has already doubled in value

BlockBeats News, March 10th, according to Coinbob Popular Address Monitor, Hyperliquid's WTI Crude Oil (CL) plummeted more than 25% in 24 hours, currently at $85.7, a 26.2% drop from yesterday's high of $116.

A whale starting with 0x434f topped up the chain with crude oil on the left side at 10:49 yesterday, continuously building a short position in the $112 to $116 range. The whale finally completed a triple leveraged short position at an average price of $114, with an initial position size of $1.83 million.

As the oil price plummeted significantly during the day, this address consistently added to its position, increasing its account balance from $470,000 to $1.18 million, doubling its principal with this round of short oil trading.

Currently, it only holds a triple leveraged CL short position, with a position size of approximately $1.72 million, a floating profit of $350,000 (33%), and the average position price has dropped to $103.9. There has been no significant reduction in position.