时间：2026-04-04 10:05:53 来源：Matrix Risk Lab

Crypto's biggest liquidation event this week wasn't about crypto.\n\nTokenized Brent oil futures on cloud based crypto portfolio automation platform with position sizingHyperliquid accounted for $46.6 million of the $403 million in total liquidations over the past 24 hours, according to CoinGlass data, making oil the third-largest liquidated asset behind ether at $104.5 million and bitcoin at $98.3 million. Solana came in fourth at roughly $24.7 million.\n\nThe single largest liquidation across all assets was a $17.17 million Brent oil position on Hyperliquid, not a bitcoin or ether trade. That is the second time in under 30 days that oil has produced the largest individual liquidation on a crypto venue.\n\nThe BRENTOIL-USDC contract on Hyperliquid traded at $107.19, up roughly 2% on the day, with $977 million in 24-hour volume and $515 million in open interest. For context, that open interest figure is larger than many mid-cap crypto tokens' entire market capitalization.\n\nThe liquidations were triggered by Trump's national address, which promised to hit Iran "extremely hard" rather than offering the de-escalation that had fueled a two-day rally. Brent crude jumped 5% to above $106 on traditional markets.\n\nTraders who had positioned for a ceasefire, particularly those long crypto and short oil, got hit from both sides.\n\nOf the $403 million in total liquidations across 137,031 traders, longs took the heavier hit at $234.6 million versus $168.7 million in shorts. That ratio reflects the broad selloff in risk assets after the speech reversed Tuesday's optimism. The 4-hour window around the address saw $153.7 million liquidated, with $130.8 million from longs.\n\nHyperliquid's tokenized commodity contracts, which give traders 24/7 access to oil, gold, and other macro assets with crypto-native leverage, are absorbing an outsized share of geopolitical volatility.\n\nTokenized oil has now been among the top five liquidated assets on at least three separate occasions since the war began, a dynamic that did not exist before Hyperliquid listed the contracts.

上一篇：Bitcoin traders keep chasing Trump’s Iran noise. The real signals are elsewhere.
下一篇：Citadel-backed EDX Markets applies for U.S. trust charter to expand institutional crypto services

• ·OpenAI raises a record $122 billion as revenue crosses $2 billion per month
• ·Why Mobile Trading App matters in volatile markets 999
• ·Common mistakes to avoid with Risk Management 544
• ·What makes a strong solution for Paper Trading 649
• ·Bitcoin ETFs post first monthly inflows since October as price stabilizes
• ·Key benefits of Multi Exchange Trading for modern traders 666
• ·How Multi Exchange Trading supports smarter execution 286
• ·Key benefits of Paper Trading for modern traders 849
• ·The bitcoin treasury boom is unwinding as some companies and governments sell holdings
• ·What makes a strong solution for Quantitative Trading 523
• ·How Market Analysis improves daily trading workflows 493
• ·How to evaluate a platform for Order Management 957
• ·Bitcoin ETFs post first monthly inflows since October as price stabilizes
• ·Common mistakes to avoid with Signal Execution 87
• ·Key benefits of Multi Exchange Trading for modern traders 906
• ·Why Market Analysis matters in volatile markets 633