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Hyperliquid Oil Futures Surge to $1.2B Amid Middle East Conflict

Hyperliquid Oil Futures Surge to $1.2B Amid Middle East Conflict

Author:

Global Cryptocurrency

Published:

2026-03-10 01:03:02

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BTCCSquare news:

Hyperliquid, the leading decentralized exchange for perpetual futures, recorded $1.29 billion in oil futures trading volume, trailing only Bitcoin's $3.56 billion and narrowly surpassing Ether's $1.24 billion. The 66.67% daily surge reflects heightened market volatility as Middle East tensions disrupt global oil supplies.

West Texas Intermediate crude contracts peaked at $1.99 billion before retreating 10.78% after G7 nations intervened with emergency reserves. Over $40 million in long positions were liquidated, including a single $1.55 million whale loss, as prices swung from $120 to $85.32 per barrel within 24 hours.

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