The US-Iran ceasefire led a certain crude-oil long “whale” to be liquidated twice, blowing up $8.53 million, and it is the largest liquidation address on-chain for two oil products (TOP 1).

Mars Finance news: On April 8, according to monitoring by Hyperinsight, a whale starting with 0xfee previously established positions in Brent crude oil and WTI crude oil long positions during the period when news about the Strait of Hormuz being closed began to ferment on March 27. Recently, it has increased the combined position size of the two oils to $6.26 million. After the news of a ceasefire between Iran and the U.S. was finalized today, oil prices plunged sharply, and the first round of long positions in the two oils by this address was liquidated for a total of $6.27M. About 1 hour after the liquidation, the address entered the market again, attempting to open a WTI crude oil long position to buy the dip and get back to breakeven; as the oil price continued to fall, the second round was liquidated again for $2.27M. The total liquidation across both rounds was $8.53 million; the positions were fully cleared, making it the largest on-chain liquidation address for the two oils within the day. The specific liquidations are as follows: WTICRUDE: A total of 46,680 contracts were liquidated, triggered at 101 USD and 90.7 USD respectively, for a total of 4 liquidations; BRENTOIL: A total of 42,849 contracts were liquidated, triggered at 95 USD, for a total of 2 liquidations. Address: 0xfeedc4f156fd25c3fe9ff6402dbf3b99ebed3195