If Brent crude oil continues to rise above the $110 mark, the 5.1 million position of the trader named "Loracle" may face liquidation

BlockBeats News, April 2nd, according to Hyperinsight monitoring, the US-Iran tension has pushed up oil prices. The BRENTOIL (Brent Crude Oil) contract price on Hyperliquid briefly broke through $109. If it continues to rise above $110, the "Hyperliquid early contributor Loracle" address (0x8def...) may face partial liquidation.

The whale currently holds a $5.18 million short position in Brent crude oil, with an average price of $109 and a liquidation price of $111, making it the position closest to liquidation price on the chain.

Furthermore, the largest long position address closest to liquidation on the chain (0x965) has a liquidation price of $104.8, with a scale of $4.538 million. In contrast, this address is deeply in substantial unrealized losses on its S&P 500 short position, with no excess margin left in the account to support its leveraged opening of the BRENTOIL long position.