'Largest On-Chain Crude Oil Short' Faces $3.4 Million Unrealized Loss, Liquidation Price at $120.76

BlockBeats News, March 9: According to on-chain analyst Ai Yi (@ai_9684xtpa), a certain whale entered a short position on CL (WTI crude oil mapping contract) at an average price of $78.36. The whale currently holds 12,717 CL contracts (approximately $13.37 million) in short positions, making it the top CL holder on Hyperliquid. The unrealized loss stands at $3.4 million, with a liquidation price of $120.76.