WTI Crude Oil Whale Faces Liquidation with 413% Loss, Just $1.13 Away from Margin Call

CL-2.69%
HYPE-2.67%
According to BlockBeats citing Hyperinsight monitoring, on July 1, the largest WTI crude oil long holder on Hyperliquid (address 0x007d) is approaching liquidation. The address holds a 20x leveraged long position of approximately $12.57 million with an average entry price of $87.59, while WTICRUDE now trades around $69.70. The liquidation price is $68.56, leaving only $1.13 buffer. The position shows unrealized losses of approximately $3.23 million, corresponding to 413% loss on principal. The holder originally established the position on April 2 during heightened U.S.-Iran tensions when WTI surged to $114. Despite initial gains, the holder did not exit as prices declined sharply from May onwards, watching profits fully reverse.
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