BlockBeats News, July 24th, according to Hyperinsight Monitoring, during a sharp rise in oil prices last night and this morning, the "Trader Loracle" experienced two system liquidation events, resulting in a total liquidation of approximately 106,500 WTIOIL (WTI Crude Oil) short positions. The average liquidation price was around $92.3, totaling about $9.8312 million; the two liquidations resulted in a combined loss of approximately $681,200, marking the largest liquidation on the network within 24 hours.

Approximately 12 minutes after the liquidation, Trader Loracle began shorting again. As of the time of writing, the trader was holding 27,700 WTIOIL short positions with 3x leverage, at an average entry price of $92.2, with a position value of around $2.547 million and a liquidation price of about $155.05; with an unrealized profit of around $14,400, the return rate is about 1.68%. The current position is only about one-fourth of the size before the liquidation.

At the same time, the trader placed 19 non-reducing sell orders in the $93.4 to $95.2 price range, planning to add another 15,000 short positions, with a total order amount of around $1.425 million, waiting to continue shorting on the rebound; if all orders are filled, the WTIOIL short position will increase to 42,874.228 contracts, with a nominal value of approximately $3.9725 million.

On the news front, Houthi rebels in Yemen announced an attack on two Saudi oil tankers, causing the market to consider the risk of both the Red Sea and the Strait of Hormuz being blocked simultaneously; Trump later stated that he is considering a large-scale military action against Iran; WTI crude oil surged to a high of $93.

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