WTI crude oil surged 3.2% in the short term, with all million-level short positions on-chain trapped in unrealized losses

Gate News, March 20 — According to Hyperinsight monitoring, during the pre-market hours, international oil prices surged rapidly. WTI crude oil (West Texas Intermediate futures) increased by a total of 3.2% since 4 p.m. Hyperliquid’s CL (WTI crude oil) contract prices also rose in tandem, currently trading at $96.4. All large whales with on-chain holdings exceeding ten million dollars are on the short side, and none have escaped the recent rise, all experiencing unrealized losses. Among them, the largest on-chain CL position is held by “Main Short Army of US and Brent Oil” (0x985), which is currently holding a 20x leveraged short position in CL. The unrealized loss has expanded to $1.43 million, with a position size of approximately $24 million, at an average price of $90.42.

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