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Brent crude oil briefly drops below $98, breaking through two on-chain whales' $3 million long positions
BlockBeats News, May 7th, according to Hyperinsight monitoring, Brent crude oil briefly retreated, and on Hyperliquid, BRENTOIL fell below $98, once again losing the $100 round number.
This round of decline caused two on-chain crude oil long whale positions, totaling 30.5k BRENTOIL long contracts, to be forcibly liquidated, worth approximately $3.02 million, with liquidation prices at $99.8 and $97.8 respectively.
Both whales opened positions last night, when Brent crude experienced a sharp drop to $98 followed by a slight rebound, and they chose to enter long positions near $100, placing the liquidation lines just below $100, possibly attempting to bet on a rebound.
Address: 0x6fefdc7b1f6e21c2df6564444547a88d3682e993
Address: 0x20b7807939c774a152b396beb704acac68fa10fe