Heavyweight Bullish Oil Price Whale Faces Massive Withdrawal, Loses Over $3.6 Million in a Single Day to Enter Top Three of Hyperliquid Loss Leaderboard

BlockBeats News, April 8th, according to Hyperinsight Monitoring, the "Low-Leverage Long Crude Oil" whale significantly increased its position in a long WTICRUDE (WTI Crude Oil) trade at 1 am today when the oil price was above $111. The position reached $20.2 million, potentially indicating a bet on a further deterioration of the US-Iran situation after the Trump-set deadline.

However, the situation quickly reversed as the expectation of a US-Iran ceasefire materialized, causing a sharp drop in oil prices. The whale made a U-turn during the day, resulting in a loss of $3.63 million. It became one of the top three addresses with intraday losses on the Hyperliquid platform, also ranking as the address with the largest intraday loss in the crude oil asset.

Address: 0x7f5ff9f8da891ffe5229e33b90959ae1e6d5f47e