Overview
- Hyperliquid’s tokenized Brent contract produced the day’s largest single wipeout at $17.17 million, part of $403 million in crypto liquidations across 137,031 traders, according to CoinGlass.
- Brent-linked losses totaled $46.6 million, ranking third by asset behind ether at $104.5 million and bitcoin at $98.3 million in the same 24-hour span.
- Oil jumped about 5% after President Donald J. Trump vowed to hit Iran “extremely hard,” reversing a short-lived de-escalation rally and knocking risk assets lower.
- Within roughly four hours around the address, liquidations hit $153.7 million, with $130.8 million from long positions, as traders long crypto and short oil were hit on both sides.
- Hyperliquid’s BRENTOIL‑USDC traded near $107 with $977 million in 24-hour volume and $515 million in open interest, showing how 24/7 tokenized commodities now rival major coins in market impact.