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Whale amasses over $147M in leveraged oil long positions on Hyperliquid

A cryptocurrency whale has taken massive leveraged long positions on crude oil through Hyperliquid, holding nearly $150 million across Brent and WTI contracts at 10x leverage.

Screenshot of a Hyperliquid trading dashboard showing 10x leveraged long positions in Brent and CL crude oil totaling over $147 million.
Image: @lookonchain

A crypto trader operating wallet 0x0cc159b29f45c9cc0da41326d7e18e04245bc7cb has built massive leveraged long positions in crude oil contracts on the decentralized exchange Hyperliquid, according to on-chain analytics service Lookonchain. The tracker initially flagged over $147 million in total oil exposure, consisting of 868,840 BRENTOIL contracts valued at about $91 million and 580,960 CL contracts valued at $56.1 million.[2]

Both the Brent and West Texas Intermediate (CL) positions were established using 10x cross leverage. Platform screenshots shared by Lookonchain showed an account spot balance of $18.57 million alongside an initial combined unrealized loss of roughly $1.22 million across the trades, with Brent entered at $105.03 and WTI at $98.23.[2]

Data tracked by analytics account Stalkchain indicated that the wallet experienced significant volatility leading into the positions, losing $3.74 million in 24 hours as Brent reached $103.30. Instead of closing the trades, the trader bought more at $104, pushing the portfolio from a loss of $1.75 million overnight to an unrealized profit of $1.19 million as exposure rose to approximately $149 million.[3]

A subsequent screenshot shared by commentator That Martini Guy showed the trader's total position value expanding to $148.43 million, supported by an account balance of $19.93 million. At that time, the Brent position had swung to an unrealized profit of $425,240.17 with a liquidation level of $86.22, while the WTI position reflected an unrealized loss of $314,411.76 with liquidation set at $68.82.[1]

Key facts

  • Lookonchain identified wallet 0x0cc159b29f45c9cc0da41326d7e18e04245bc7cb opening more than $147 million in leveraged oil long positions on Hyperliquid.
  • The initial positions included 868,840 BRENTOIL contracts valued at approximately $91 million and 580,960 CL contracts valued at roughly $56.1 million.
  • Both crude oil positions were opened utilizing 10x cross leverage.
  • According to Stalkchain, the trader lost $3.74 million in 24 hours before adding to the position at $104 Brent.
  • A dashboard screenshot shared by That Martini Guy showed total position exposure reaching $148.43 million, with an account equity value of $19.93 million.
  • Liquidation prices recorded on Hyperliquid were $86.22 for the Brent position and $68.82 for the WTI position.

Sources · 3 sources

  1. TM

    That Martini Guy ₿@MartiniGuyYTPost on X ·

    A Hyperliquid trader is currently holding $148.4M in leveraged oil longs. $91.68M in Brent $56.75M in WTI Both using 10x cross leverage. The interesting part to me is that traders are using crypto-native platforms to take sizeable positions in traditional markets. Hyperliquid is becoming much more than a place to trade Bitcoin and altcoin perps. That kind of access to commodities is a meaningful expansion of on-chain trading. But 10x leverage cuts both ways, and I’ll be watching how these positions develop.

    Open source
  2. LO

    Lookonchain@lookonchainPost on X ·

    A whale just opened over $147M in #oil long positions! 868,840 $BRENTOIL ($91M) 580,960 $CL ($56.1M) https://t.co/zs9SEHYpk3 https://t.co/IG3EGevWuH

    Open source
  3. ST

    Stalkchain@StalkHQPost on X ·

    A crypto whale is betting $149M on oil, on Hyperliquid $92.6M long Brent and $56.9M long WTI (10x) Yesterday it lost $3.74M in 24h, the biggest loser on the platform. Brent hit $103.30 It didn’t sell and bought more at $104 Overnight it went from -$1.75M to +$1.19M. Wallet: 0x0cc159b29f45c9cc0da41326d7e18e04245bc7cb

    Open source