Dangerous girl

$BTC Trader Down $3.5M Shorting Oil as War Sends Prices Soaring
A well-known on-chain trader linked to the wallet CBB0FE is reportedly taking a brutal hit after betting against oil during one of the biggest geopolitical spikes in years.
According to Arkham data, the account opened a $12M short position on crude oil. But instead of dropping, oil has surged dramatically amid the escalating U.S.–Israel conflict with Iran and disruptions around the Strait of Hormuz. The trader is now sitting on roughly $3.5M in unrealized losses.
The timing couldn’t be worse. Global oil prices have jumped sharply as shipping and production in the region face disruptions, with crude briefly pushing above $100–$120 per barrel due to supply fears.
The Strait of Hormuz normally handles about 20% of the world’s oil supply, meaning even partial disruption can send energy markets into panic mode.
Will oil cool off… or will this short turn into an even bigger liquidation risk?
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#Crypto #Oil #Trading #wendy

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