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2026-03-24
02:21

Hyperliquid Crude Oil Contracts Exceed $2.2 Billion in 24-Hour Trading Volume, Second Only to Bitcoin

Gate News reported that on March 24, Hyperliquid crude oil contracts recorded a 24-hour total trading volume exceeding $2.2 billion, ranking third among all trading products, second only to BTC's $3.78 billion and ETH's $1.54 billion. Among these, the CL contract (mapped to WTI crude oil, or US West Texas Light Crude) had trading volume exceeding $1.25 billion, and the BRENTOIL contract (mapped to Brent crude oil, or North Sea crude oil) had trading volume exceeding $960 million.
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BTC0,37%
ETH0,53%
05:11

A certain new address whale is shorting WTI crude oil with 20x leverage, with a position size of 6.6 million USD.

Gate News reports that on March 13, an on-chain whale address beginning with 0xac0 deposited $3.26 million into Hyperliquid in the early morning hours, subsequently opening 70,000 short positions in CL (WTI crude oil futures, West Texas Intermediate crude oil futures contracts) with 20x leverage. This transaction represents the address's first operation, with a position size of $6.6 million, an average opening price of $94.13, and a liquidation price of $137.29.
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