According to Hyperinsight monitoring, on March 25, a whale wallet starting with 0x931 opened a long BTC position with 40x leverage at an average entry price of $71,023, with an initial position size of approximately 105.6 BTC. Subsequently, the whale increased the position by approximately $5 million, bringing the total position size to $12.5 million with an average price rising to $71,190. Currently, this position has a small unrealized loss of approximately $7,000.

According to Hyperinsight monitoring, Abraxas Capital's sub-address recently increased its GOLD short position by nearly $4 million, bringing the total position size to $21.25 million with unrealized gains of approximately $980,000. The position was originally added at a gold price of $4,850. The address currently also holds a $25 million Brent crude oil short position with unrealized gains of $2.95 million.

According to Hyperinsight monitoring, on March 19th, the "Strategy Counterparty" address closed out all CL and NATGAS long positions and instead increased BTC and ETH short positions. The current position size has reached $105 million, but still retains $4.32 million in Brent crude oil long positions.

On March 18, U.S. natural gas prices fell 3.6% in the short term, leading network liquidations, with a cumulative decline of 11.6%. The address with the largest long position was forcibly liquidated when the price fell below $2.91, with a liquidation size of 638,364 contracts and losses of $200,000. Meanwhile, it held BTC short positions and long positions in crude oil and gold as hedges, but suffered losses in both directions.

On March 17, Abraxas Capital increased its position by 25,100 WTI crude oil shorts on-chain, bringing the total position size to $14.9625 million, with an average price raised to $93.39. Currently, this position has a floating loss of approximately $514,300, with a liquidation price of $144.39. This address was previously the largest whale holder on Hyperliquid and currently holds 34,000 BTC.

On March 16, the on-chain address 0xa5b0's long position total unrealized profit reached 16 million USD, with a position size of 203 million USD. This address holds the largest long positions for BTC and ETH on the Hyperliquid platform, with ETH long positions generating 13 million USD in unrealized profits and BTC long positions generating 2.93 million USD in unrealized profits. This address had established large-scale ETH long positions at the end of last year, and is currently suspected to be affiliated with Matrixport.