A U.S. bank research report said that since the 1970s, the global economy’s reliance on oil has declined, and the oil required now is only one-third of that at the time, with economic resilience strengthening. In addition, Haitong Securities’ analysis found that gold did not exhibit safe-haven characteristics; after experiencing a pullback due to geopolitical shocks, it rebounded.

On April 10, the precious metals market was strong: gold rose to $4,773.60 per ounce, and silver rose to $76.364 per ounce. In the crypto market, volatility eased, the FX market saw the U.S. dollar weaken versus the Chinese yuan, and global equity indexes rose. In commodities, WTI crude oil rose while Brent crude oil fell. The Gate platform supports trading a variety of financial assets.

Gate News message: On April 10, the U.S. dollar spot index has fallen cumulatively by about 1.4% this week, marking the largest weekly drop since January. After the CPI data was released, market trading strategies focused on buying the U.S. dollar and oil. The foreign exchange market has now entered a news-headline-driven trading phase, and progress in the Iran-U.S. negotiations amid a fragile ceasefire is becoming the new focal point.

On April 10, Hyperinsight data shows that on the Hyperliquid platform, 14 million-level mega whales established crude oil positions: 10 opened WTIOIL long positions, and 4 opened BRENTOIL long positions. All are in the long direction, and there are no new shorts entering the market. The WTIOIL long mega whale liquidation price is $87.7, with an open position size of $5.02 million; the BRENTOIL mega whale liquidation price is $87.2, with an open position size of $1.91 million.

On April 10, Abraxas Capital closed out short positions of about $160 million in WTIOIL and BRENTOIL on the Hyperliquid platform, generating roughly $10.15 million in profits. Its current main positions are a $20.5 million long position in BTC and a $30.8 million short position in gold.

Gate News, April 10, international crude oil prices rose briefly. WTI crude oil (West Texas Intermediate, one of the international crude oil benchmark prices) broke above $100 per barrel, up 2.04% during the day; Brent crude oil (North Sea Brent, one of the international crude oil benchmark prices) stood above $95 per barrel, up 1.15% during the day.

On April 10, analyst Yu Jin reported that a giant whale established a $74.47 million crude oil short position on Hyperliquid, with an unrealized gain of about $1.2 million. It consists of 399k barrels of WTI crude oil and 390k barrels of Brent crude oil.

April 10, gold and silver prices fell slightly, trading at $4,758.37 per ounce and $75.165 per ounce, respectively. The Bitcoin Volatility Index (BVIX) dropped to 44.36, and in the foreign exchange market, the U.S. dollar rose against the offshore yuan and the Japanese yen. Major European stock indexes generally declined, while WTI and Brent crude oil rose slightly. The Gate platform supports trading a variety of financial market products.

Gate News message, on April 9, tonight April 10, the U.S. CPI data will be released. The market is focused on the impact of the “Iran premium” driven by the surge in oil prices. In the bond market, traders have increased their positions in options betting on upside in the 5-year and 10-year U.S. Treasury yields. A JPMorgan Chase survey shows that currently, net long sentiment in the spot market has fallen to a three-week low. In the macro backdrop, the cumulative gain in Brent crude oil this year is already close to 60%. For interest-rate expectations, the probability the market is pricing for a 25-basis-point rate cut once in 2026 is about 30%.

Gate News message: On April 9, according to Arkham monitoring, the whale address “0x63c” had a crude oil short position with a position value that at one point reached as high as $30 million on Hyperliquid. Because the crude oil market funding rate is negative, the address can currently earn $388,000 per day in funding fee income, translating to an annualized funding fee income of up to $142 million. However, due to crude oil price fluctuations, the whale is currently down $2 million in unrealized losses.