Trader Loracle Short Position Liquidated $9.83M Amid Oil Surge

Sharp oil price rise triggers $9.83M liquidation of Trader Loracle's short positions. Trader immediately re-enters with smaller short size and pending orders.

Woofun AI data shows that Trader Loracle faced two system liquidation events during a sharp rise in oil prices, resulting in the clearance of approximately 106,500 WTIOIL short positions. The average liquidation price was around $92.3, totaling about $9.8312 million, with combined losses of approximately $681,200, marking the largest single-day liquidation on the network.

Approximately 12 minutes after the liquidation, the trader resumed shorting, currently holding 27,700 WTIOIL short positions with 3x leverage at an average entry price of $92.2. The current position value is around $2.547 million with an unrealized profit of about $14,400.

Additionally, the trader placed 19 non-reducing sell orders between $93.4 and $95.2 to add another 15,000 short positions, potentially increasing total short exposure to 42,874 contracts worth approximately $3.9725 million.