BlockBeats News, March 17th, according to Hyperinsight monitoring, WTI crude oil futures experienced a temporary surge of over 3%, with the intraday gain expanding to 5.5%. Hyperliquid also saw an increase in CL (WTI crude oil) prices, currently at $97.5.
This round of surge directly benefits the on-chain long positions. MakerDAO founder Rune Christensen established a leveraged 20x long position in CL at an average price of $92.6 on March 7th, with the unrealized gain expanding to around $310,000 (+17.3%).
Furthermore, a whale with an on-chain position size exceeding tens of millions of dollars is predominantly positioned on the short side, and this sudden crude oil surge has collectively pushed these short positions into unrealized losses.
