{"id":62960,"date":"2026-03-10T09:51:40","date_gmt":"2026-03-10T02:51:40","guid":{"rendered":"https:\/\/hbbgroup.net\/hyperliquid-traders-rise-in-arms-as-bitcoin-hits-7-day-low-and-oil-soars\/"},"modified":"2026-03-10T09:51:40","modified_gmt":"2026-03-10T02:51:40","slug":"hyperliquid-traders-rise-in-arms-as-bitcoin-hits-7-day-low-and-oil-soars","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/hyperliquid-traders-rise-in-arms-as-bitcoin-hits-7-day-low-and-oil-soars\/","title":{"rendered":"Hyperliquid Traders Rise in Arms as Bitcoin Hits 7-Day Low And Oil Soars"},"content":{"rendered":"
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Bitcoin is slipping to a seven\u2011day 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.<\/p>\n

Hyperliquid And Its Oil Perps At The Center Of The Oil Panic<\/h2>\n

As the Iran war scare and Strait of Hormuz risk ignite a fresh oil panic, Brent crude has ripped to about 118\u2013119 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\u2011day low, even as oil exploded higher. In this context, on\u2011chain, traders rotated into Hyperliquid\u2019s tokenised oil perpetuals, where crude surged about 18% in a week and contract volume and open interest jumped more than 18x and 5x as conflict headlines hit.<\/p>\n

\u201cPandora\u2019s Box Is Open\u201d<\/h3>\n

The fears that stem from the current geopolitical chaos do not know or care about Wall Street\u2019s business hours. Our convulsed times seem to finally have outgrown TradFi, as traders search for alternatives to act as fast as their unrest demands. Jung Hyunsun, CEO of Hyperliquid treasury firm Hyperion DeFi, told DL News<\/a> that the \u201cPandora\u2019s box is open\u201d. As traders run into tokenised oil perps, Jung believes that:<\/p>\n

\n

The narrative around onchain financial services is changing.<\/p>\n<\/blockquote>\n

He points out that tokenised traditional assets like oil, metals and currencies have made up as much as 30% of Hyperliquid\u2019s daily volume during peak periods, turning the DEX into a direct venue for macro trades rather than a \u201cDeFi casino\u201d. Jung adds that, while pseudonymous accounts make it hard to quantify, more traditional finance desks are quietly using Hyperliquid for hedging and price discovery, echoing comments from Coinbase\u2019s Kenny Chan and CF Benchmarks\u2019 Gabe Selby about the surge in tokenised asset trading.<\/p>\n

What This Means For Bitcoin<\/h2>\n

As Iran war jitters are forcing Bitcoin to trade like any other high\u2011beta risk asset<\/a>, with flows rotating into gold rather than BTC during the first leg of the conflict, Hyperliquid and similar derivatives DEXs now blur the line between \u201cDeFi casino\u201d and full\u2011stack macro venue, letting traders express views on war, energy, FX and crypto from the same on\u2011chain interface.<\/p>\n

For Bitcoin, the question is no longer just \u201cIs it digital gold?\u201d but: Is it losing its monopoly on the crypto\u2011macro narrative to infrastructure layers that move faster and list anything, from barrels and basis trades to outright war risk?<\/p>\n

The irony, however, its apparent: all this activity hasn\u2019t saved the native HYPE token, which still trades just over 30 dollars, nearly 50% below its September high.<\/p>\n

\"Hyperliquid,<\/p>\n

HYPE's price trends to the downside on the daily chart. Source: HYPEUSD on Tradingview<\/a><\/pre>\n
Cover image from ChatGPT, HYPEUSD chart from Tradingview<\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"
Bitcoin is slipping to a seven\u2011day low as oil is screaming higher on Iran war fears. But the real action […]<\/p>","protected":false},"author":5,"featured_media":62963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-62960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/62960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=62960"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/62960\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/62963"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=62960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=62960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=62960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}