Crude oil prices fell sharply, dropping over 4% intraday and briefly dipping below $75. This decline has significantly benefited a major short position on Hyperliquid. The position, held by an address identified as 0x9e8b…afc4, was established on June 12 with 20x leverage. It currently holds a value of $32.08 million, with an average entry price of $83 and a liquidation price of $87. The position has generated an unrealized profit of approximately $2.93 million, marking it as the largest short position on Hyperliquid for the crude oil contract xyz:CL.
Crude Oil Plunge Yields $2.93 Million Profit for Hyperliquid Short Position
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