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🚨 A trader linked to wallet CBB0FE is reportedly down ~$3.5M after shorting oil during the geopolitical surge.
According to Arkham data, the trader opened a $12M crude oil short, but prices spiked amid the U.S.–Israel–Iran tensions and risks around the Strait of Hormuz, pushing oil above $100–$120.
With the strait handling ~20% of global oil supply, any disruption can trigger major spikes — putting this short at serious liquidation risk.