Oil squeezed him out... but he's already back for another shot😬.
The recent oil price rally forced loracle.hl out of a massive trade.
His 104,848
$CL short position, worth approximately $9.68 million, was fully liquidated, resulting in a loss of around $680,000.
Add: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae
But instead of stepping aside, he doubled down on his bearish view.
The trader has already opened another short on oil, and currently holds a 38,631
#CL short position worth approximately $3.49 million.
Looks like he's betting that oil's rally won't last.