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WTI Crude Oil Surges 3.2% in Short Term, Millions of On-Chain Short Positions Fall into Loss

WTI Crude Oil Surges 3.2% in Short Term, Millions of On-Chain Short Positions Fall into Loss

2026-03-20 18:14

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ChainThink report, March 20: According to Hyperinsight monitoring, during pre-market hours of U.S. equities, international oil prices surged sharply in the short term, with WTI crude oil posting a cumulative increase of 3.2% since 16:00. The CL (WTI crude oil) futures contract on Hyperliquid simultaneously rose, currently trading at $96.4.


All whales with on-chain positions exceeding $10 million are overwhelmingly short-side positioned, and none have escaped losses in this recent rally, all now facing marked unrealized losses.


Among them, the largest on-chain CL holder is "the major short-side player on both U.S. and Brent crude" (0x985), currently holding a 20x leveraged short position in CL, with unrealized losses expanding to $1.43 million, holding a position size of approximately $24 million at an average entry price of $90.42.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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