Odaily Planet Daily reports, according to Hyperinsight monitoring, during the sharp oil price surge last night and early this morning, trader "Loracle" experienced two system liquidations, totaling approximately 106,500 WTI short positions, with an average liquidation price of about $92.30, amounting to roughly $9.8312 million; the two liquidations resulted in a combined loss of approximately $681,200, plus around $786 in transaction fees, making it the largest liquidation on the network within the past 24 hours.
Just 12 minutes after liquidation, he resumed shorting. As of publication, he holds a 3x isolated position of 27,700 WTI short contracts at an average entry price of $92.20, with a position value of approximately $2.547 million and a liquidation price of about $155.05; unrealized profit is around $14,400, yielding a return rate of approximately 1.68%. The current position is only about one-quarter the size of his pre-liquidation position.
It also placed 19 non-margin-reducing sell orders in the $93.40 to $95.20 range, aiming to add another 15,000 short positions, with a total order value of approximately $1.425 million, awaiting a rebound to further establish short positions; if all orders are filled, its WTI short position will increase to 42,874.228 contracts, with a notional value of approximately $3.9725 million.
On the news front, the Houthi movement in Yemen announced attacks on two Saudi oil tankers, causing markets to price in the risk of simultaneous disruptions to both the Red Sea and Strait of Hormuz shipping routes; Trump subsequently stated he is considering reinstating large-scale military action against Iran; WTI crude oil rose as high as $93.