Gate News reports that on March 17, according to Hyperinsight monitoring, WTI crude oil futures (the benchmark for U.S. crude oil futures) surged over 3% in the short term, with the intraday increase expanding to 5.5%. Hyperliquid’s CL (WTI crude oil) price also moved higher, currently at $97.5. This rally directly benefits on-chain bulls. MakerDAO founder Rune Christensen opened a 20x leveraged long position on CL at an average price of $92.6 on March 7, with unrealized gains expanding to approximately $310,000 (+17.3%). Additionally, the current on-chain holdings exceeding $10 million are all whales on the short side, and the sudden surge in crude oil prices has caused these short positions to collectively incur unrealized losses.
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