Rising Oil Prices Lead to Liquidation of On-Chain Traders Shorting Crude Oil, Single Loss Hits $1.33 Million

TechFlow reports, August 11, according to monitoring by on-chain analysis platform Lookonchain (@lookonchain), as international oil prices have continued to rise recently, the $BRENTOIL short position held by on-chain trader address 0x0000 was fully liquidated, resulting in a loss of approximately $1.33 million.