On-chain trader loracle.hl's 104,848 $CL long positions were fully liquidated, resulting in a loss of approximately $680,000.
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On-chain trader loracle.hl's 104,848 $CL long positions were fully liquidated, resulting in a loss of approximately $680,000.
According to monitoring by on-chain analysis platform Lookonchain (@lookonchain), due to a recent sharp rise in crude oil prices, the 104,848 $CL long positions (approximately $9.68 million) held by on-chain trader loracle.hl (@loraclexyz) were all liquidated, resulting in a loss of approximately $680,000. However, the trader did not cut losses and exit, but immediately reversed to open short positions. They currently hold 33,500 $CL (approximately $3.07 million) in short positions, continuing to bet on falling oil prices.
Navigating Web3 tides with focused insightsTechFlow reports, on July 24, according to monitoring by on-chain analysis platform Lookonchain (@lookonchain), due to a recent sharp rise in crude oil prices, the 104,848 $CL long positions (approximately $9.68 million) held by on-chain trader loracle.hl (@loraclexyz) were fully liquidated, incurring a loss of approximately $680,000.
However, the trader did not cut losses and exit, but immediately opened a short position, currently holding 33,500 $CL (approximately $3.07 million) in short positions, continuing to bet on a decline in oil prices.
