BlockBeats News, March 5th, according to Coinbob Popular Address Monitor, the price of CL (WTI Crude Oil Synthetic Asset) on the Hyperliquid platform recorded a 5.4% daily increase today, with the high reaching $78 and currently trading at $76.4.
Under this market conditions, the address has been continuously opening short positions, with the current position size reaching $5.5 million, at an average price of $77.52, with an unrealized gain of about $80,000. As of the time of writing, the address is still actively increasing its short positions and is now the largest short position address on Hyperliquid.
It is reported that the address started opening short positions yesterday afternoon when the CL price was around $74, and then continued to increase its long positions in GOLD (Gold Synthetic Asset) and SILVER (Silver Synthetic Asset) today. The current gold and silver position size has reached $8 million. The two transactions may be betting on the short-term premium decline of crude oil while also bullish on the continuation of the safe-haven sentiment in gold and silver.
Crypto KOL CBB (X: Cbb0fe) is a veteran trader and on-chain player with about 100,000 followers on X social platform. He gained widespread attention for organizing the public hunt of a multi-billion-dollar BTC short whale 25 years ago and is currently high-frequency trading commodities on Hyperliquid, mainly in short positions.
