Crude oil prices have surged to $108 per barrel, marking a 67.5% increase since tensions escalated with Iran's blockade of the Strait of Hormuz. This significant price movement has impacted traders, particularly those holding short positions. A notable case is the Hyperliquid user "2 frères 2 fauves," who initiated a short position on crude oil (CL) at $78.36. The user currently holds 12,717 CL contracts, valued at $13.37 million, making it the top position on Hyperliquid. However, the position is facing a floating loss of $3.4 million, with a liquidation price set at $120.76.