An unknown entity holding $30M USDC across two Hyperliquid accounts is currently short 330.27K CL ($32.5M) and 144.71K BRENT ($15.8M), making him the largest oil short onchain.
Out of the $577M total OI across both markets, he controls 8.37% ($48.3M), all on the short side.
He is currently down $3.3M with a average entry around ~$109.2 on BRENT and ~$91.4 on CL.
hypurrscan.io/address/0x985f02...…
hypurrscan.io/address/0xac03fc...…
Hope this helps
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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