Sky Co-founder Bets on Rising Crude Oil Prices, Wagers on Geopolitical Risks Driving Up Oil

According to on-chain data monitoring, Sky co-founder Rune Christensen transferred approximately 4.01 million USDC to the decentralized perpetual contract platform Hyperliquid last Saturday and established a crude oil long position worth nearly 5.9 million USD. Among them, the WTI crude oil (CL) long position is valued at approximately 5.71 million USD, with an average entry price of approximately 92.08 USD per barrel; the Brent crude oil (BRENTOIL) long position is approximately 180,000 USD, with an average price of 92.16 USD. Based on a margin of 4.01 million USD, the leverage ratio of this position is approximately 1.47x, which is a relatively conservative allocation in the perpetual contract market.

Market analysts point out that if the passage of oil tankers through the Strait of Hormuz continues to be obstructed, the price of Brent crude oil may break through 100 USD per barrel. Christensen's holdings indicate that he expects geopolitical tensions to persist in the long term, thereby driving oil prices further upward. This operation is not only a directional judgment on the energy market but also reflects that crypto derivatives platforms are accelerating their penetration into traditional commodity fields.

Hyperliquid, as the world's largest decentralized perpetual contract platform by trading volume, has seen its monthly trading revenue exceed 106 million USD in early 2026. Its recently launched WTI and Brent crude oil contracts mark the extension of decentralized finance from crypto assets to physical commodity derivatives. Christensen's transaction, with its real capital scale, confirms the real-world impact of this trend.