If Brent crude oil continues to rise above the $110 mark, trader Loracle's short position of 5.1 million may face liquidation.

BlockBeatNews · 2026-04-02T09:24:03+00:00

The situation between the US and Iran has led to rising oil prices, with Brent crude futures briefly surpassing $109. A whale holding a $5.18 million short position faces liquidation risk, with a liquidation price of $111. Meanwhile, a major long address is in deep trouble due to unrealized losses, with a liquidation price of $104.8.

BlockBeatNews

2026-04-02 09:24:03

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BlockBeats message, April 2, according to monitoring by Hyperinsight, tensions between the U.S. and Iran have kept oil prices rising. On Hyperliquid, the BRENTOIL (Brent crude oil) contract price briefly broke above $109; if it continues to rise above $110, the address of “Hyperliquid early contributor Loracle” (0x8def…) may face partial liquidation.

This whale currently holds a Brent crude oil short position with a notional value of $5.18 million, with an average price of $109 and a liquidation price of $111. This is the on-chain position address closest to its liquidation price at present.

In addition, the liquidation price of the largest long address on-chain (0x965) is $104.8, with a size of $4.538 million. In contrast, this address has suffered a large unrealized loss deep in its S&P 500 short position, and the account no longer has excess margin to support the long position it had opened on a per-position basis for BRENTOIL.

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