Crypto Influencer CBB Shorted Oil and Saw a 50% Price Surge Within Five Days. They Have Partially Closed the Position and Increased the Position's Liquidation Price to $152.
BlockBeats News, March 9th. According to Coinbob's Hot Address Monitoring, on March 4th, crypto KOL CBB (0xefd) opened a 3x leveraged isolated short position on CL (WTI Crude Oil Perpetual Contract) at an average price of $77.2, with a position size reaching 18 million at one point. Although the oil price was in an upward channel at the time, the $120 liquidation price seemed to have sufficient safety margin.
However, since the position was opened, geopolitical conflicts have continued to drive up the oil price. Within five days, the price of the CL contract on Hyperliquid has cumulatively surged by over 50%, reaching a high of $118 early this morning—only 1.6% away from its $120 liquidation price.
During this period, CBB has been continuously closing positions to stop losses and injecting additional margin to rescue the position. Currently, the position size of the 3x leveraged CL short has dropped to $10.27 million, with a daily loss of over $730,000. With fund injections and stop-loss measures, the liquidation price has been raised to $152, temporarily moving away from the danger zone. Subsequently, as the oil price retreated slightly, the unrealized loss narrowed to $2.5 million, a loss of 49%. However, the oil price is still hovering at a high level...
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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