{
  "$type": "site.standard.document",
  "bskyPostRef": {
    "cid": "bafyreiaxpnacqd44p4vmse2u4wqsyjug5szrivrivylogago6k5dmgdz7i",
    "uri": "at://did:plc:3jg5ch2x6onc5mwonrp5wps6/app.bsky.feed.post/3mjw2dqb226d2"
  },
  "coverImage": {
    "$type": "blob",
    "ref": {
      "$link": "bafkreibgrkiorey5v6n2vhc7vxx5b5xyrhxj6xed3dk3t5dvzicqie63y4"
    },
    "mimeType": "image/jpeg",
    "size": 407660
  },
  "path": "/crypto-traders-drive-500m-oil-bets-on-hyperliquid-as-hormuz-closure-threatens-100-crude/",
  "publishedAt": "2026-04-19T16:00:46.000Z",
  "site": "https://cryptoslate.com",
  "tags": [
    "Derivatives",
    "Featured",
    "Macro",
    "Market",
    "TradFi",
    "Trading",
    "Bitcoin",
    "Hyperliquid",
    "Iran",
    "Strait of Hormuz",
    "US",
    "Is crude heading back to $100? Crypto traders drive $500M weekend Hyperliquid oil bets over Strait of Hormuz closure",
    "CryptoSlate"
  ],
  "textContent": "Crypto traders traded more than $500 million in synthetic oil futures over the weekend on the decentralized exchange Hyperliquid, betting that renewed military conflict in the Middle East could push crude prices back to $100 a barrel. The surge in blockchain-based trading followed Iran's abrupt decision to shut the Strait of Hormuz to commercial shipping, […]\n\nThe post Is crude heading back to $100? Crypto traders drive $500M weekend Hyperliquid oil bets over Strait of Hormuz closure appeared first on CryptoSlate.",
  "title": "Is crude heading back to $100? Crypto traders drive $500M weekend Hyperliquid oil bets over Strait of Hormuz closure"
}