PANews, March 10th news, according to Bloomberg, as the Middle East conflict escalates and disrupts global supply chains, the CL-USDC contract tracking WTI crude oil perpetual contracts on the cryptocurrency exchange Hyperliquid saw a trading volume exceeding $1.2 billion in the past 24 hours, becoming the second-largest trading market on the platform after Bitcoin. This contract tracks the price of West Texas Intermediate crude oil, which surged to $107 per barrel on Sunday, providing real-time pricing signals for the market regarding the escalation of the situation in Iran just hours before Wall Street opened. Coinglass data shows that nearly $75 million in short positions were liquidated in the past day as prices rose. The daily trading volume of this contract surged from about $21 million before the U.S. strikes against Iran, with open interest reaching $183 million
