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New Wallet Opens $8.53 Million BRENTOIL Long on HyperLiquid, Then Faces $1.355 Million Paper Loss

New Wallet Opens $8.53 Million BRENTOIL Long on HyperLiquid, Then Faces $1.355 Million Paper Loss

According to the latest trading data, the whale later closed oil longs worth more than $14.1 million at a loss above $3.9 million and then opened a new $9.3 million WTICRUDE short.

HYPE

Fact Check
The claim has two parts. The earlier part is supported by 一新钱包开设20倍杠杆853万美元规模BRENTOIL多单，浮亏已超135.5万美元 | PANews, which states that a new wallet opened an approximately $8.53M BRENTOIL long and later showed paper losses above $1.355M. The later update in the user's content is supported by 「Heavy Positioning in Three Major Markets」Stop-loss triggered at $14 million scale after going long on both oil, then opened a short position. Loss exceeded $3.9 million USD so far | Bitget News, which explicitly says the whale closed oil longs whose total size exceeded $14.1M at a loss above $3.9M and then opened a new $9.3M WTICRUDE short. However, confidence is not high because direct primary-source fetches from X failed in this run, the HypurrScan link did not validate the activity, and the Odaily trace did not produce a clearly aligned upstream source.
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Summary

The whale trading activity tied to the earlier HyperLiquid oil positions has developed further. After the previously reported liquidation and losses across Brent and WTI crude trades, new data shows the address closed WTICRUDE and BRENTOIL long positions worth more than $14.1 million for a combined loss exceeding $3.9 million. On April 9, the same address then opened a new WTICRUDE short position with a notional size of $9.3 million at an average entry price of $92.3, with a liquidation price of $117.6. The update indicates the trader shifted from bullish oil exposure to a sizable bearish WTI crude position following heavy losses.

Terms & Concepts
  • Long position: A trade that profits if an asset’s price rises and loses value if the price falls.
  • WTICRUDE short: A bearish derivatives position on WTI crude that gains if the underlying price declines.
  • Liquidation price: The price level at which a leveraged position is subject to forced closure if losses exceed collateral limits.