Back
Whale Shorts $13.78 Million in CL Contracts, Showing $3.81 Million Unrealized Loss

Whale Shorts $13.78 Million in CL Contracts, Showing $3.81 Million Unrealized Loss

On-chain data from Lookonchain indicates trader CBB took a $13.78 million short position in CL contracts, currently facing a $3.81 million unrealized loss with a liquidation price at $120.76, dominating Hyperliquid positions.

HYPE

Fact Check
The specific figures ($13.37M short, $3.4M loss, $120.76 liquidation price) are directly confirmed by BlockBeats (https://m.theblockbeats.info/flash/335090) citing on-chain monitoring by analyst @ai_9684xtpa. The position is identified as the largest CL holding on the Hyperliquid platform.
    Reference: 123
Summary

Trader CBB executed a short of 127,175 xyz:CL contracts valued at $13.78 million at an average price of $78.37, according to Lookonchain. The position now shows an unrealized loss of $3.81 million, with a liquidation threshold of $120.76, representing the largest CL exposure within Hyperliquid.

Terms & Concepts
  • Short Position: A trading strategy where an investor sells an asset expecting its price to decline, aiming to buy it back at a lower value.
  • Liquidation Price: The price at which a leveraged position is automatically closed to prevent further losses beyond the collateral.
  • CL Contracts: Derivative contracts representing WTI crude oil futures, used for speculation or hedging on oil price movements.