Hyperliquid Addresses Close WTI Oil Futures Positions with 12% Return

Two major addresses associated with Hyperliquid closed their long positions in WTI oil futures contracts, according to BlockBeats. The positions were closed at an average price of approximately $74, with the initial positions valued at over $3.2 million and an average entry price of around $70. Utilizing low leverage of 2 to 3 times, the addresses achieved a return rate of about 12%. The two whale addresses, identified as 0x1de and 0xb58, exhibited similar holding and on-chain transaction records. They previously capitalized on the timing of Iran's announcement to ban ships from passing through the Strait of Hormuz, a critical oil transport route, by going long before the news.