A whale address beginning with 0x000 saw roughly 152,500 BRENTOIL short contracts forcibly liquidated for about $13.21 million after Brent crude climbed sharply, turning what had been an attempted exit into the largest single liquidation monitored across the market that day. TradingBeats said the trader had held about 179,300 BRENTOIL short contracts at an average entry price of about $80.58 and had started a reduce-only TWAP buyback as oil rose, intending to close 44,000 contracts. Before liquidation, only 26,800 contracts worth about $2.315 million were closed, locking in a loss of about $154,000. The remaining roughly 85% of the position was liquidated near a weighted price of $86.61, bringing the combined realized loss from the stop-loss attempt and forced close to about $1.073 million. TradingBeats linked the price jump to renewed uncertainty over reopening the Strait of Hormuz, saying Brent rose about 5% to $87.72 after Iran insisted the U.S. meet conditions including war compensation before navigation resumes and Trump rejected those demands. The address had also suffered earlier oil short liquidations on Aug. 4, and its cumulative net loss on oil contracts since the start of August has reached about $1.162 million.