Crypto KOL CBB increases oil short positions against the trend to $5.5 million, now the largest on-chain CL short.

BlockBeats News, March 5 — According to Coinbob's popular address monitoring, the CL (WTI Crude Oil Mapping Contract) price on the Hyperliquid platform rose by 5.4% today, reaching a high of $78, currently trading at $76.4.

In this market, the address continues to build short positions, with a current holding of $5.5 million, an average price of $77.52, and an unrealized profit of about $80,000. As of press time, it is still increasing its position, making it the largest short address for CL on Hyperliquid.

It is reported that this address started shorting when the CL price was around $74 yesterday afternoon, and has since continued to add to long positions in GOLD (Gold Mapping Contract) and SILVER (Silver Mapping Contract) today. Currently, the gold and silver holdings total $8 million. These moves may be aimed at betting on the short-term decline of crude oil premiums while maintaining a bullish risk-averse sentiment for gold and silver.

Crypto KOL CBB (X: Cbb0fe), a veteran trader and on-chain player with about 100,000 followers on X social platform, gained widespread attention for organizing a large-scale BTC short whale hunt in 2025. Currently, he is engaged in high-frequency trading of commodities on Hyperliquid, mainly taking short positions.