Woofun AI data shows that a large long whale on Hyperliquid faced liquidation of 180,000 WTIOIL contracts within one hour, incurring a loss of approximately $3.463 million. The position, initially leveraged 20x with an entry price of $87.59, was cleared at an average price of $68.35, resulting in a principal loss exceeding 410%.

The liquidation occurred as WTI crude oil fell below $69, wiping out gains accumulated since the US-Iran conflict began on February 28th. On-chain metrics indicate short positions dominate the market, with $61.46 million in short interest versus $26.46 million in longs, leaving long holders significantly underwater.