On-chain trader loracle.hl's 104,848 $CL long positions were fully liquidated, resulting in a loss of approximately $680,000.

According to monitoring by on-chain analysis platform Lookonchain (@lookonchain), due to a recent sharp rise in crude oil prices, the 104,848 $CL long positions (approximately $9.68 million) held by on-chain trader loracle.hl (@loraclexyz) were all liquidated, resulting in a loss of approximately $680,000. However, the trader did not cut losses and exit, but immediately reversed to open short positions. They currently hold 33,500 $CL (approximately $3.07 million) in short positions, continuing to bet on falling oil prices.