Whale Wallet Opens $1.1 Million 15x Leveraged WTI Oil Long

A new Hyperliquid-linked trade shows an early contributor address opened a much larger 10x leveraged WTI oil short worth about $17.8 million, indicating a sharp shift from the previously reported long positioning.

HYPE

Summary

A Hyperliquid early contributor address opened a 10x leveraged WTI oil short worth about $17.8 million at an average entry price of $93.68. The position size was 190,738.62, with a liquidation price of $100.53. At the time referenced on April 8, CL was $93.34, leaving the position with about $20,000 in unrealized profit. This materially differs from the previously reported April 7 trade involving a $1.1 million 15x leveraged WTI oil long, so both reports remain noted as separate or potentially conflicting position details.

Terms & Concepts
  • Liquidation price: The price level at which a leveraged position is automatically closed to limit further losses on the trading platform.
  • Leveraged WTI oil short: A position using borrowed exposure to bet that WTI oil prices will fall, magnifying both potential gains and losses.
  • Hyperliquid: A decentralized trading platform where users can open leveraged perpetual positions on various assets.