News

According to Odaily, Lookonchain monitoring shows that in the past 30 minutes, address (0xf4b8...f3ee) opened 125,169 xyz:CL crude oil long positions with 20x leverage, valued at $13.1 million, with a liquidation price of $96.64. In addition, address (0x4ff9...38d3) opened 62,180 xyz:CL crude oil long positions with 2x leverage, valued at $6.5 million, with a liquidation price of $52.06.

BlockBeats News, March 9th. According to Coinbob's Hot Address Monitoring, on March 4th, crypto KOL CBB (0xefd) opened a 3x leveraged isolated short position on CL (WTI Crude Oil Perpetual Contract) at an average price of $77.2, with a position size reaching 18 million at one point. Although the oil price was in an upward channel at the time, the $120 liquidation price seemed to have sufficient safety margin. However, since the position was opened, geopolitical conflicts have continued to drive up the oil price. Within five days, the price of the CL contract on Hyperliquid has cumulatively surged by over 50%, reaching a high of $118 early this morning—only 1.6% away from its $120 liquidation price. During this period, CBB has been continuously closing positions to stop losses and injecting additional margin to rescue the position. Currently, the position size of the 3x leveraged CL short has dropped to $10.27 million, with a daily loss of over $730,000. With fund injections and stop-loss measures, the liquidation price has been raised to $152, temporarily moving away from the danger zone. Subsequently, as the oil price retreated slightly, the unrealized loss narrowed to $2.5 million, a loss of 49%. However, the oil price is still hovering at a high level...

PANews, March 9 – According to CoinDesk, despite the US-Israel-Iran conflict pushing oil prices above $100 per barrel, bitcoin has remained largely steady around $67,000 over the past week. Analysts point out that this may be related to bitcoin’s close correlation with the US stock market. As the US is a net oil exporter and has low dependence on Middle Eastern oil, US stocks have shown relative resilience, which has also benefited bitcoin. Data shows that the US mainly imports oil from Canada and Mexico, with only 4% coming from Saudi Arabia, making it largely immune to supply disruptions in the Strait of Hormuz. Since the outbreak of the conflict on February 28, the S&P 500 and Nasdaq futures have fallen just over 3%, while the Nikkei Index has dropped 10%, India’s Nifty has fallen 5%, and South Korea’s Kospi has declined by more than 16%. Analysts note that with the launch of spot ETFs and expectations of regulatory easing brought by a potential Trump victory, bitcoin has gradually evolved into a quasi-US risk asset, becoming increasingly correlated with US financial conditions. In addition, bitcoin had already pulled back from its highs to around $60,000 before the conflict, releasing short-term selling pressure and providing a relatively stable foundation for the current price.