Coin prices surged 10% in a short squeeze, with on-chain data showing a whale’s short position was liquidated for $1.56 million.

According to Hyperinsight’s monitoring, a whale address starting with 0xdcc flipped to a short position on Brent Crude Oil (BRENTOIL) at 02:08 today, opening 18,452.29 short contracts at an average price of $82.348, with a nominal value of approximately $1.5195 million. Afterward, oil prices continued to rise to around $84.4, and the short position was held for only about 6 hours before being forcibly liquidated twice by the system at 08:16. On the news front, U.S.-Iran military tensions escalated again over the weekend into Monday. Trump announced yesterday the resumption of maritime blockades on Iranian shipping, covering Iran’s coasts, ports, and oil terminals, reigniting risks of supply disruptions in the Strait of Hormuz. Driven by this, Brent Crude Oil closed up 9.59% on July 13, hitting $83.30, marking its highest closing price in nearly a month. Notably, this whale had correctly bet on the recent oil price rally earlier. From July 9, it accumulated a long position of 26,066.57 BRENTOIL contracts, but closed all positions at 01:39 today, realizing a total profit of approximately $39,200. However, just 29 minutes after closing, the address flipped from long to short, perfectly timing the reversal of this rally. The two rounds of forced liquidations totaled 18,452.29 contracts, with a nominal amount of approximately $1.5576 million, resulting in an actual loss of about $38,100, almost erasing all profits from the earlier long position. After the liquidations, the address holds no remaining positions. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an administrator (enable message sending permission) to automatically sync on-chain news.