Hyperliquid Traders Rise in Arms as Bitcoin Hits 7-Day Low And Oil Soars
Bitcoin is slipping to a seven‑day low as oil is screaming higher on Iran war fears. But the real action is unfolding somewhere else entirely: Hyperliquid, where a new class of traders is turning to its tokenised oil perps. Hyperliquid And Its Oil Perps At The Center Of The Oil Panic As the Iran war scare and Strait of Hormuz risk ignite a fresh oil panic, Brent crude has ripped to about 118–119 dollars a barrel, its highest level since 2022. Over the weekend and into Monday, Bitcoin did not act as a crisis hedge: it dropped as much as roughly 2.4% to around $65.6k, a seven‑day low, even....
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