In the last 12 hours, the liquidation amount of crude oil futures ranks top three across all platforms, as a Hyperliquid whale's short position in CL faced a multi-million dollar forced liquidation.

On March 9th, data from Hyperinsight (via its Telegram channel https://t.me/HyperInsight) and Coinglass shows that over the past roughly 12 hours, the liquidation volume for xyz:CL (WTI Crude Oil Perpetual Contract) reached approximately $39 million—ranking third across all networks, only behind BTC and ETH, with short positions accounting for the majority of liquidations. This contract is deployed by TradeXYZ on the Hyperliquid platform, and all liquidations in this round stem from Hyperliquid. Driven by the surge in crude oil prices, multiple whales holding short positions on CL via Hyperliquid were liquidated consecutively, with a total scale exceeding tens of millions of dollars. Among them, the largest liquidation came from the whale (address 0x8af7) known for "repeatedly counter-positioning major assets": it held 72,178 CL isolated short positions, equivalent to roughly $7.7 million, all of which have now been liquidated. Subsequently, this address quickly opened new short positions after being liquidated. It currently holds a $5.09 million short position with an average entry price of $107 and a liquidation price of approximately $137.