Hyperliquid: Whale Builds $148M Crude Long After ETH Sale
A whale sold 12,468 ETH for an $8.99 million profit on Hyperliquid and shifted the proceeds into a $148 million long position in crude oil perpetual futures, now showing a $540,000 unrealized loss.
SourceAnalysis
Hyperliquid whale sold 12,468 ETH bought at $1,647 for $2,368 each, locking in $8.99 million profit before moving $20 million into crude oil longs that now total $148 million with $540,000 floating loss.
The address previously accumulated the ETH position in June and has steadily added to the oil trade across CL and BRENTOIL contracts on the platform known for deep liquidity in commodities perpetuals.
Price action on the 4h chart shows ETH at $2282.25 inside the Bollinger band with upper resistance at $2297.43 while the 50-EMA at $2293.88 acts as immediate resistance above the 200-EMA at $2426.46; neutral RSI at 52.91 paired with the MACD golden cross suggests any push toward the upper band may stall and retrace toward the 50-EMA support before the next directional move.
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