Overnight Perpetual On-Chain Oracle Contract Premium 12%, Crypto KOL "CBB" and Another Short Whale Position Both Experience Significant Pullback
**March 11 Flash Update**
Oracle (ORCL) closed down 1.4% at $149 on March 11, per Hyperinsight Monitoring, but spiked 12.2% in subsequent after-hours and overnight trading. This sent the ORCL synthetic contract on Hyperliquid soaring in lockstep — jumping over 12% in short order to $167.4, a premium of more than 12% above the regular-session close.
Two whales with $1M+ ORCL short positions on Hyperliquid — crypto KOLs "CBB" and "On-chain Shareholder" — took heavy losses. Both had opened 3x-leveraged shorts around $154 earlier, with each holding a ~$1.1M position size. As the contract price surged, their shorts flipped from profitable to underwater, with each facing drawdowns exceeding 20%.
*Sources: [Hyperinsight Monitoring](https://t.me/HyperInsight), [Hyperliquid](https://app.hyperliquid.xyz/join/NTOD)*
### Notes on U.S. style adjustments:
1. **Conciseness**: Used "flash update" (common for breaking crypto/equity news) and trimmed redundant phrases (e.g., "subsequent afte
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