The 'Buy High, Sell Low' Whale's Massive Crude Oil Short and BTC Long Positions Liquidated in a $9.76M Margin Call, Believed to Be the Largest Liquidation Address for Crude Oil Across the Network

BlockBeats News, April 2nd, according to Hyperinsight monitoring, during the sharp rise in crude oil and significant drop in BTC price yesterday, a whale (0x965) engaged in "chasing rallies and killing drops" in the crude oil market saw its BRENTOIL short position and BTC long position suffer losses on both sides, and was subsequently fully liquidated. This became the largest single liquidation in the entire network today, and the top address in terms of total liquidation scale of large commodity positions on the entire network. Details are as follows:

BRENTOIL short position: A total of $4.69 million was liquidated, resulting in a loss of approximately $137,000; currently, a new 20x leveraged short position has been opened with a scale of $5.67 million, with a liquidation price of $107.3.

BTC long position: A total of 75.3 long positions were liquidated, equivalent to $5.06 million, resulting in a loss of approximately $70,000, with a single liquidation scale of $4.05 million.

It is reported that yesterday, during the volatile period of crude oil, this address repeatedly engaged in chasing rallies and killing drops in the intense market, and within three hours, both long and short positions were liquidated successively, with a total liquidation scale of over $9.6 million across both long and short positions.