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A major whale used 20x leverage to short crude oil, with a total position value exceeding $14 million.
Mars Finance reports that on March 10, according to Lookonchain, the whale “0x985f” deposited 9.5 million USDC into HyperLiquid and shorted crude oil with 20x leverage. The positions are as follows: 94,512 contracts of xyz:CL valued at $8.17 million; 68,974 contracts of xyz:BRENTOIL valued at $6.15 million. Additionally, the whale shorted various tokens, including HYPE, PUMP, XPL, APT, and ASTER.