Total liquidations reached $46.6 million. The largest single liquidation was $17.18 million.
The trigger was a sharp rise in Brent crude oil futures on the decentralized exchange Hyperliquid.
The spike followed President Donald Trump’s promise to deliver an “extremely strong blow” to Iran. Against this backdrop, Brent prices climbed from $101 to $108 per barrel, a 7.5% gain in 24 hours.
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Liquidation Details
The liquidation price for the trader who lost $17.18 million stood at $101.49. The BRENTOIL-USDC▲$0.9999 contract remains one of the most active on Hyperliquid. In 24 hours, trading volume exceeded $789 million, with open interest at $529 million.
Total liquidations across the crypto market over the past 24 hours reached $353 million. Long positions accounted for $217 million of that total.
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Beyond oil, significant liquidations occurred in Bitcoin (BTC) and Ethereum (ETH).
Another Large Trader and Market Situation
Another trader opened an $80 million position with 7x leverage. The position included a $40 million short on bitcoin, a short on the S&P 500, and a long on Brent. The bitcoin liquidation price for this trader was $79,805.
Source: CoinGlass.
Over the past 24 hours, bitcoin fell 3% and trades near $66,400. Ethereum lost 4%. Solana dropped 5.2%.
Analysts note that the cryptocurrency market continues to track traditional risk assets amid geopolitical uncertainty surrounding Iran.
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