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Trader Momo opens a $15.5 million long position in crude oil futures, close to the liquidation price, closing with a loss of $1.3 million.

GateNews

Daily Crypto News Derivatives Data

2026-03-09 10:03:11

Gate News reports that on March 9, according to MLM monitoring, trader Momo opened a long position of 150,000 barrels of crude oil CL (crude oil futures contracts, approximately $15.5 million) three hours ago and closed all positions at market price 13 minutes ago, just 0.1% away from liquidation price. This volatility pushed the CL price down to $93.7, about $2.7 lower than the regular crude oil futures price. Momo lost $1.3 million within 2.5 hours of trading OIL.

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