Largest On-Chain Oil Short Position Holder Closes Part of Position as Losses Mount to $2.93M

GateNews

2026-03-12 03:39:10

Gate News bot message, according to Lookonchain, the largest on-chain oil short position holder (address 0x17c3) is now facing losses of $2.93 million as oil prices rise. The whale is closing part of his position to reduce losses. The new liquidation price stands at $111.85.

Previously on March 11, 2026, Lookonchain reported that whale 0x17c3 kept adding to his short position on oil, holding 292,980 xyz:CL (valued at $24.6 million) in short positions at that time, with a liquidation price of $110.01.

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