Brent crude briefly fell below $98, triggering the liquidation of two on-chain whale long positions totaling $3 million
BlockBeats news, on May 7, according to Hyperinsight monitoring, Brent crude oil fell back briefly, and BRENTOIL on Hyperliquid dropped below $98, once again losing the $100 mark.
This decline triggered forced liquidation of two major on-chain Brent crude oil long whale positions, totaling 30,500 BRENTOIL long contracts worth about $3.02 million, with liquidation prices at $99.8 and $97.8 respectively.
Both whales opened their positions last night, when Brent crude oil experienced a sharp drop to $98 followed by a slight rebound. Both chose to go long near $100 and set their liquidation lines just below $100, likely aiming to capture a bounce.
Address: 0x6fefdc7b1f6e21c2df6564444547a88d3682e993
Address: 0x20b7807939c774a152b396beb704acac68fa10fe
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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