Hormuz Strait tensions rise; crude oil short sellers fail to escape, resulting in a $13.2 million margin call
2026-08-11 10:54:33
According to CoinMeta, early this morning, the 152,500 brentoil short positions held by a whale account starting with 0x000 were forcibly liquidated by the market, resulting in a liquidation amount of approximately $13.209 million and a weighted liquidation price of around $86.61, which is the largest single liquidation observed across the network today. Before the liquidation, this account actually held about 179,300 brentoil short positions, with an average entry price of around $80.58 per share. As Brent crude oil continued to rise, the account initiated a "only reduction" order for TWAP positions in the early hours, planning to actively close out 44,000 short positions. However, before the forced liquidation occurred, only 26,800 positions were traded, amounting to about $2.315 million, which is equivalent to about 15% of the original short positions being closed. The remaining approximately 85% of the short positions were not able to be exited in time and were forcibly liquidated by the system when Brent oil prices rose to around $86.61. This liquidation was triggered by new developments regarding the potential reopening of the Strait of Hormuz, with the market once again factoring in the risk of supply disruptions, causing Brent crude oil prices to surge by about 5%.
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Source:Internet
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