On Hyperliquid, the top traders for gold, silver, and crude oil are all holding short positions. The

Hyperliquid Commodity Shorts Stack Up: Gold, Silver, Oil Bears Lead With $10M+ Positions

Bears are running the show on Hyperliquid's commodity markets. According to Hyperinsight, the top positions in gold, silver, and crude are all shorts—and each one is north of $10 million. Here's how the biggest bears are positioned:

GOLD: $27.4M short at $5,113 avg | Floating loss: $370K | Also short $8.5M in SILVER

PAXG (gold token): "Onchain Stock Trader" – $15.6M short at $5,028 | Floating loss: $470K | Also short $10.7M in CL

SILVER: $12.9M short at $95.1 | Floating profit: $1.18M

CL (crude): $25.6M short at $83.5 | Floating loss: $850K | Also short $1.5M in NATGAS

BRENTOIL: $7.2M short at $89.9 | Floating profit: $60K | Also short $13.2M in CL

Commodities are hot—and these whales are betting against them.