Crude Oil Extends Decline, Hyperliquid Whale Opens $19.8 Million Short Position Today

BlockBeats News, June 12, according to Hyperinsight Monitoring, influenced by Trump's statement that the peace agreement with Iran could be signed as early as this weekend, the core content of the agreement includes the immediate reopening of the Strait of Hormuz and the cancellation of tolls. This has further widened the drop in oil prices. On Hyperliquid, the WTI crude oil contract has expanded its 24-hour decline to 5.45%, while Brent crude has dropped by 5.5%.

Today, the largest oil futures holder continued to sell off with 20x leverage, opening a short position of 235,200 WTI crude oil contracts, with a scale of approximately $19.8 million and an average price of $84.97. They have now become the second-largest bear on WTI crude oil on Hyperliquid.

Meanwhile, in the dominant positions of the two oil futures, a whale simultaneously holds the largest position in both contracts, with a combined short position of about $70 million, currently enjoying a paper profit of $5.9 million.

Address: 0x9e8b1e51c642f4c8b87c6ba11c53d516a218afc4

Address: 0x17c3c8fdbcb7d1b240ce08965e09b1fc91cba868