OnchainLens said a whale deposited a total of $16 million in USDC to Hyperliquid over the past 24 hours, with the latest transfer worth $11 million. The wallet now holds short positions on the platform valued at about $43.9 million. Those positions include a $28.3 million short in SKHX and a $14.56 million short in BRENTOIL, along with additional short exposure to HIMS, SMSN, and NVDA. The activity was reported by BlockBeats on July 21 and reflects a sizable increase in margin posted to the derivatives trading platform within a one-day window.

A whale on Hyperliquid has deposited another 11 million USDC, bringing total deposits over the past 24 hours to 16 million USDC, according to monitoring by Onchain Lens. The wallet currently holds $43.9 million in short positions and has kept those trades open for an extended period. Its disclosed shorts include $28.3 million against SKHX and $14.56 million against BRENTOIL, along with additional short exposure to HIMS, SMSN, and NVDA. The update points to a large, sustained bearish positioning by a single wallet on Hyperliquid.

Onchain Lens said a trader opened a new 15x long position in BRENTOIL after posting cumulative losses of about $2.49 million. The position was built after BRENTOIL rose more than 7.9%, with the trader taking on a position worth roughly $2.6 million. Account equity stood at about $568,900, while available margin was listed at zero. The update points to a highly leveraged directional bet made after a sharp move higher in BRENTOIL, according to the on-chain monitoring account cited by Odaily.

Sky co-founder Rune Christensen closed his long crude oil and Brent oil positions, along with a short S&P 500 position, resulting in a cumulative loss exceeding $735,000, as tracked by Onchain Lens.

A trader on Hyperliquid recorded the platform’s biggest liquidation in the past 24 hours, losing $3.085 million on a BRENTOIL long position and bringing total account losses to $4.42 million.

Abraxas Capital reversed a prior unrealized loss after a ceasefire-driven market shift, posting $12 million in profit from short oil positions over the past week while keeping crypto longs in place.

According to Hyperinsight monitoring, whale 0x8af partially unwound its WTI and Brent crude oil hedging positions totaling $2.1 million. It still holds $5M WTI long and $6.68M Brent short at 5x leverage, with unrealized profit narrowing to $80K.

Hyperliquid’s crude oil open interest has surpassed $1 billion, led by $670 million in WTIOIL and $334 million in BRENTOIL. Funding rates for both contracts rose to around 0.6% over 24 hours, signaling a growing shift toward long positioning.