Hyperliquid Whale Nears Liquidation as Brent Tops $109, $110 in Focus

Huo Xing Finance said April 2, citing Hyperinsight monitoring, that the Iran-U.S. situation continues to push oil prices higher. On Hyperliquid, the BRENTOIL (Brent Crude) contract briefly jumped above $109. If prices extend past $110, the wallet labeled "Loracle, Hyperliquid Early Contributor" (0x8def…) could face a partial liquidation. The whale is currently short Brent crude with a position valued at $5.18 million, entered at an average price of $109. Its liquidation price is $111, making it the onchain position closest to being liquidated. Hyperinsight also flagged the largest long position near liquidation: wallet 0x965… has a liquidation price of $104.8 and a position size of $4.538 million. Hyperinsight noted this wallet is heavily underwater on an S&P 500 short and does not have enough margin to support its isolated BRENTOIL long.