Hyperliquid Whale: Cuts $44M Crude Long After Losses

Hyperliquid trader 0x0cc159b29f45c9cc0da41326d7e18e04245bc7cb began unwinding its oil long after a $15.08 million drawdown on the $148 million position built over the past two weeks. In the last ten minutes the address closed $44.04 million notional of CL contracts, locking in a $4.9 million realized loss.

The same wallet had sold 12,468 ETH at $2,368 four-and-a-half months after buying at $1,647, converting the $8.99 million profit into fresh margin for the crude trade; it still holds $94.79 million notional in BRENTOIL with an $8.35 million floating loss.

With price testing upper Bollinger resistance at $2431.36 while RSI(14) flashes overbought at 71.69, a healthy retracement to the 50-EMA support at $2312.54 seems probable before further continuation; the 200-EMA at $2425.03 and MACD golden cross at 33.54 keep the broader structure bullish but signal near-term exhaustion after the rapid move from the $2182.74 lower band.