A newly reported whale trade added to bullish activity on Hyperliquid’s crude oil market, with a 20x leveraged long worth $11.52 million funded by a $1.75 million USDC deposit.
Hyperliquid’s CL crude oil market saw another notable whale trade as one address deposited $1.75 million in USDC and opened a long position in xyz:CL over the past four hours. The trader built a 113,000 xyz:CL position using 20x leverage, giving the trade a reported value of $11.52 million and a liquidation price of $88.4. This adds a fresh example of large, leveraged bullish positioning on the platform, where the CL crude oil contract had previously recorded $1.16 billion in 24-hour volume, open interest above $300 million, and a majority of new positions skewing long.