Crude oil’s ongoing slump has pushed a whale who opened 60 long positions to exit the market regretfully, incurring a net loss of $2.43 million from multiple prior liquidations.
2026.08.03 10:26:25
According to Hyperinsight monitoring, the whale address starting with 0xc278 has completed 61 BRENTOIL trades since trading Brent crude on March 19, of which 59 were long positions and only 2 were short positions, with a long position ratio of 96.7%. The total net loss from all 61 trades is approximately $2.431 million, with positions worth over $1 million accounting for 99.4% of the total loss. Yesterday morning, its Brent long positions triggered a system liquidation again. The entire liquidation closed out 47,600 BRENTOIL long positions, with a liquidation turnover of about $4.046 million, a weighted liquidation price of approximately $84.99, and a total loss of around $275,000. After the liquidation, the address no longer holds any Brent positions. Before the liquidation, BRENTOIL on Hyperliquid dropped from a high of $91.68 to a low of $82.81 on Sunday, with a maximum decline of 9.7%; its final backup liquidation price was about 7.6% lower than the high. This round of decline mainly occurred after Trump said he would suspend a new round of strikes on Iran and that a Middle East ceasefire agreement was near. The whale had three long positions in early April that lost about $882,000, $513,000, and $460,000 respectively, but afterward it still almost only went long on crude oil, repeatedly recording the largest single liquidation on the network.
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