Tokenized Brent oil futures on Hyperliquid accounted for $46.6 million of the $403 million in total liquidations over the past 24 hours, making oil the third-largest liquidated asset behind ether and bitcoin. The largest liquidation was a $17.17 million Brent oil position.
These events were triggered by Trump's national address threatening Iran, reversing a two-day rally and pushing Brent crude up to $106 on traditional markets. Traders positioning for a ceasefire faced losses.
