Traders betting against CL just took a $3.4M hit. In the last 30 minutes, the major venues force closed $CL short positions, bets on a lower price, after the margin behind them ran out.
Long positions, bets on a higher price, came through nearly untouched, with $2.8K liquidated over the same window. The pain sat on one side of the market.
The count comes from the raw liquidation streams of the major venues.
Long positions, bets on a higher price, came through nearly untouched, with $2.8K liquidated over the same window. The pain sat on one side of the market.
The count comes from the raw liquidation streams of the major venues.