Major whale holding a long position on oil prices experiences a large withdrawal, with intraday losses exceeding $3.6 million, ranking third on the Hyperliquid loss list.

BlockBeatNews · 2026-04-08T04:06:09+00:00

On April 8, Hyperinsight monitored a whale opening a $20.0 million WTI crude oil long position when the oil price was at $111, betting that the US-Iran situation would worsen. However, due to ceasefire expectations between the US and Iran that caused oil prices to crash, the whale lost $3.63 million that day, becoming one of the top three addresses on the loss leaderboard.

BlockBeatNews

2026-04-08 04:06:09

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BlockBeats message, April 8, according to Hyperinsight monitoring, the “low-multiple heavy-position crude oil” whale opened a large position in WTICRUDE (WTI crude oil) long positions at 1:00 a.m. this morning. At that time, the oil price was above $111. The position size reached $20.2 million, which may have been a bet that after the deadline set by Trump, the U.S.-Iran situation would further deteriorate.

However, the news then took a sharp turn for the worse. With expectations of a U.S.-Iran ceasefire being realized and oil prices plunging, the whale reversed its position during the day. In the same period, it suffered a loss of $3.63 million, becoming one of the top three addresses on Hyperliquid’s intraday loss leaderboard, and it was also the address with the largest intraday loss among crude oil underlying assets.

Address: 0x7f5ff9f8da891ffe5229e33b90959ae1e6d5f47e

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