🔥The US-Iran ceasefire caused crude oil whales to be liquidated twice, totaling $8.53 million, making it the largest liquidation address for both oils on-chain.

According to Hyperinsight monitoring, the whale starting with 0xfee previously opened long positions in Brent crude and WTI crude during the escalation of the Strait of Hormuz closure news on March 27. Recently, the combined position size of both oils was increased to $6.26 million. Today, with the US-Iran ceasefire news, oil prices plummeted, and this address's long positions in both oils were liquidated in the first round for $6.27M. About an hour after the liquidation, the address re-entered to open a WTI crude long position as oil prices continued to decline, resulting in a second liquidation of $2.27M. The two rounds totaled $8.53 million in liquidations, with positions wiped out, making it the largest on-chain crude oil liquidation address of the day. The specific liquidations are as follows: WTI crude total liquidation of 46,680 contracts, at $101 and $90...