Hyperliquid Oil Short Positions Face Losses Amid Rising Funding Fees

An analyst @ai_9684xtpa posted on X that an oil short seller on Hyperliquid is incurring losses while paying funding fees. The address 0x60a…685f6 recently added $1.2 million in USDC as margin to increase the liquidation price of their oil short positions. Currently, the trader holds short positions of 103,000 $CL and 21,000 $BRENTOIL, with a total value of $13.58 million and an unrealized loss of $1.8 million. The latest liquidation prices are $138.48 and $144.64, respectively, with funding fees reaching $240,000.