WTI crude oil briefly dips to $94, with two major whales accumulating long positions worth over ten million dollars

Gate News reports that on March 9, according to Hyperinsight monitoring, the price of WTI crude oil (West Texas Intermediate) briefly dropped to $97 per barrel. As a result, the mapped contract (CL) on Hyperliquid for this asset temporarily fell below $94, causing a liquidity squeeze and a downward spike. During this period, two whales took action, continuously adding long positions:

A whale starting with 0x202 precisely entered at a narrow liquidation price with 20x leverage, opening a long position of 39,500 barrels of crude oil at an average price of $95.38, approximately $3.75 million. Later, during the price rebound to $100, they partially closed to take profits, with current holdings worth about $3.65 million, a liquidation price of $92.9, an unrealized profit of $230,000, and a 57% return.

The “Shanzhai Air Force Leader” whale continued to add longs as the price fell below $100, up to $96, and increased their position again during the rebound. The short-term position size exceeded $7.7 million, with an average price of $100.3, a liquidation price of $76.9, an unrealized profit of $100,000, and a 5% return.