Crypto derivatives traders saw $208 million in liquidations over the past 24 hours, according to Coinglass data cited by ChainCatcher. Long positions accounted for $152 million of that total, while short liquidations came to $55.6656 million. Bitcoin and Ether made up a large share of the wipeout. BTC long liquidations reached $47.6715 million, compared with $2.5595 million for BTC shorts. ETH long liquidations totaled $42.6356 million, while ETH short liquidations stood at $4.0437 million. Coinglass data also showed that 72,280 traders were liquidated globally during the same period. The largest single liquidation order was recorded on Hyperliquid in the XYZ:BRENTOIL-USD market, with a value of $10.5534 million. The figures capture activity across the broader market over the last 24 hours and point to heavier losses on the long side than on the short side.

A whale address beginning with 0x000 was forcibly liquidated on 152,500 BRENTOIL short contracts early on Aug. 11, according to TradingBeats, formerly Hyperinsight. The liquidation was valued at about $13.209 million at a weighted liquidation price of roughly $86.61, making it the largest single liquidation tracked across the market that day. The address had tried to cut exposure before the wipeout. Before liquidation, it held about 179,300 BRENTOIL short contracts with a blended entry price of around $80.58. As Brent crude kept climbing, the trader launched a reduce-only TWAP buyback order in an attempt to close 44,000 contracts. Only 26,800 contracts, worth about $2.315 million, were filled before liquidation hit, reducing just about 15% of the original position and locking in roughly $154,000 in losses. The remaining 85%, or about 152,500 short contracts, was liquidated in one move when Brent approached $86.61. TradingBeats said the address posted a combined realized loss of about $1.073 million from the stop-loss sales and the subsequent liquidation. Including this event and other trades in the period, the address has posted a cumulative net loss of about $1.162 million on oil futures so far in August.

According to Onchain Lens, a whale on Hyperliquid had their BRENTOIL position worth approximately $13.21 million liquidated, suffering a total loss of around $919,000. The data was reported by on-chain monitoring platform Onchain Lens.

Hyperinsight said a whale wallet beginning with 0xc278 has closed 61 BRENTOIL trades since March 19, with 59 longs and just two shorts, leaving its long ratio at 96.7%. Across all 61 rounds, the trader posted a combined net loss of about $2.431 million, with million-dollar-sized positions accounting for 99.4% of the drawdown. The wallet’s Brent crude long was liquidated again yesterday, wiping out 47,600 BRENTOIL long contracts in a liquidation worth about $4.046 million at a weighted liquidation price near $84.99, for a loss of roughly $275,000. After the liquidation, the address no longer held any Brent crude position. Before that event, BRENTOIL on Hyperliquid had fallen from a Sunday high of $91.68 to a low of $82.81, a maximum drop of 9.7%. Hyperinsight said the decline mainly came after Trump said he would pause a new round of strikes on Iran and said a Middle East ceasefire deal was close.

Onchain Lens said on Aug. 2 that a trader on Hyperliquid was liquidated on a 47,610 BRENTOIL long position about four hours earlier, taking a loss of roughly $277,600. The same trader had another BRENTOIL position liquidated six days ago, with losses of about $288,500. Combined, the two liquidations resulted in losses of around $566,100. The trader’s historical cumulative losses stand at about $2.86 million, according to the monitoring update. The report did not disclose the trader’s identity.

Onchain Lens reported that a trader on Hyperliquid was liquidated on a 47,610 BRENTOIL long position about four hours ago, taking a loss of roughly $277,600. The same trader had another BRENTOIL position liquidated six days earlier, with losses of about $288,500. Taken together, the two liquidations amount to approximately $566,100 in losses. Onchain Lens also said the trader’s historical cumulative losses stand at about $2.86 million. The update focuses on repeated liquidations tied to the trader’s BRENTOIL exposure on Hyperliquid and outlines the scale of the latest loss, the prior liquidation, and the running total of losses tracked on-chain.

Coinbase said it will launch BRENT and WTI oil perpetual contracts at 17:00 UTC+8 on Aug. 3, 2026, adding the BRENTOIL-PERP and WTIOIL-PERP markets. The two products track Brent crude and West Texas Intermediate, which serve as global benchmark oil prices. According to the announcement cited by Techub, the perpetual contracts are designed to give traders commodity price exposure and a tool for risk management. The listing expands Coinbase’s derivatives lineup with contracts tied to oil benchmarks rather than crypto-native assets alone. No additional contract details were provided in the source note.

A packed July 29 market roundup brought together policy, AI regulation, derivatives volatility and on-chain activity. Federal Reserve Chair Kevin Warsh used his first meeting dinner to announce five working groups that will reexamine how the central bank interprets the economy, according to Nick Timiraos. The move quickly drew criticism from Fed Governor Chris Waller. In AI, Bloomberg reported that Anthropic CEO Dario Amodei said the company does not support banning open-weight models. He called instead for mandatory safety testing before release for all AI models, whether open or closed, while also arguing that the U.S. should adopt policy measures to slow China’s AI progress. On the trading side, Hyperliquid’s SKHX contract remained under scrutiny after a 17.9% flash crash. The platform said the xyz:SKHYNIX perpetual was deployed and operated by Trade.xyz, which is now investigating the incident. Separate on-chain tracking from EmberCN showed the largest SK Hynix short on Hyperliquid sitting on a $6.1 million unrealized profit, while Bitmine was seen receiving another 7,500 ETH from BitGo, worth about $14.61 million.