A Hyperliquid whale that built large WTI and Brent crude long positions before the U.S. midterm elections was still holding them as oil prices weakened, according to BlockBeats, citing TradingBeats monitoring.
Reported position
The account, identified as 0x0cc1, held combined oil longs worth about $144.5 million, with an unrealized loss of roughly $3.8417 million. The reported WTI position was about $55.2517 million at an average price of $98.2, with a $1.8168 million unrealized loss and a $73.06 liquidation price. The Brent position was about $89.2298 million at an average price of $105.03, with a $2.0249 million loss and an $87.96 liquidation price.
Leverage and market backdrop
BlockBeats said both positions used 10x cross margin. Based on unified USDC collateral, effective leverage was about 8.98x; shared margin means simultaneous declines could change account equity and liquidation levels. WTI and Brent futures closed Nov. 3 at $96.09 and $103.60, respectively, while U.S.-Iran negotiations remained a source of energy-supply uncertainty.
Source: BlockBeats English report, published Nov. 4, 2026.