In the past 1 hour, Crude Oil experienced a $23.68 million liquidation, with the main position being a long liquidation.
BlockBeats News, April 17th, according to Coinglass data, a liquidation of $23.68 million occurred in the past 1 hour in the crude oil market, with only $0.06 million coming from short positions. The affected trading pairs include: xyz:CL (WTI Crude Oil Perpetual Contract), XYZ:BRENTOIL. The liquidation amount in the crude oil market ranks third in the entire network, following only BTC and ETH (Bitcoin liquidated $78.23 million, Ethereum liquidated $31.38 million).
On the news front, Iran announced the opening of the Strait of Hormuz, causing both WTI and Brent oil prices to drop by over 9%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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