The peace agreement pushes the "top crude oil long position" to the brink of liquidation: self-rescue cut-loss liquidates $19.3 million long positions, with the remaining position only $1 away from liquidation

BlockBeats News, June 17 — According to monitoring by Hyperinsight, due to the continuous decline of Brent and WTI crude oil prices following the signing of a peace agreement, a whale who had established large long positions in crude oil on Hyperliquid shortly after the US-Iran conflict began has fallen into a substantial unrealized loss, with positions coming close to the liquidation threshold.

This afternoon, as the liquidation price was less than 1 USD away, the whale repeatedly closed positions to cut losses in a self-rescue manner, closely resembling a "manual forced liquidation." As of press time, the whale closed a total of 118,000 BRENTOIL long contracts and 136,000 WTIOIL long contracts within one hour, worth approximately 19.33 million USD.

Previously, this address held 169,700 BRENTOIL and 171,600 WTIOIL long positions, with a total position exceeding 25.85 million USD at its peak, making it the largest combined long position holder for the two oils on Hyperliquid. Over the past 7 days, the whale has accumulated losses of over 4.7 million USD.

Currently, the whale still holds long positions worth 6.6 million USD, with the next liquidation prices at approximately 76.4 USD for Brent crude and 73.8 USD for WTI crude, still just 1 USD away from the liquidation threshold.

Address: 0x0e0bf22e3595687a8756e1e9862a20944d0be57e