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Hyperliquid Whale Loses $9.5M on Oil Trades in Two Weeks, Burning $2.3M Weekly

GateNews

2026-05-11 11:02:43

According to BlockBeats, citing Hyperinsight monitoring data released on May 11, a top-2 loss address (0xebe) on Hyperliquid has suffered repeated reversal losses in crude oil trading. Since entering on April 20, the address opened four short positions and two long positions over two weeks, losing on all trades with cumulative losses exceeding $9.5 million and burning over $2.3 million in margin weekly—nearly 60% of its net deposited capital of $24.17 million. As of press time, the address still holds a 20x leveraged Brent crude short position worth $2.5 million, currently down $370,000.

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