After losing more than $1.55 million on a short oil position, a crypto whale has opened a new short
Oil Spike Wipes Out Whale's $7.8M Short—Then He Doubles Down
The oil rally just claimed a big victim. Lookonchain data shows that whale address 0x8Af7 got completely liquidated on its short position of 72,179 xyz:CL contracts—worth about $7.8 million—as crude prices ripped higher. Total damage: over $1.55 million gone.
But here's the twist: instead of tapping out, the whale opened another short—60,166 contracts, this time worth $6.48 million. Same bet, bigger nerve.
This whale isn't just playing with oil, though. He's also the largest holder of XYZ100 on-chain, sitting on 1,601 contracts valued at $38.52 million. So maybe he's just hedging his bets. Or maybe he really, really doesn't like oil going up.
|
DISCLAIMER:
1. All content on this website (including but not limited to articles, data, charts, and analyses) is for general informational purposes only and does not constitute any form of investment advice, trading recommendation, or financial guidance. 2. Cryptocurrencies and digital assets are subject to extreme price volatility and high investment risk; you may lose part or all of your principal. Past performance does not predict future results. 3. The information on this website is based on sources we believe to be reliable, but we do not guarantee its accuracy, completeness, or timeliness. Any investment decisions made based on this website’s information are at your own risk. 4. We strongly recommend that you conduct your own thorough research and consult an independent, licensed financial advisor before making any investment decisions. |
Recommended reading
Latest News
