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Crude oil whale 0x4cd is too ruthless! Twice precisely topping out to short, using 7x leverage to roll and add positions, with a floating profit of 300k and a return of 26.6%. The gamble is on the tide of geopolitical speculation retreating and oil prices falling from high levels. High leverage yields high returns but also carries the risk of heavy liquidation.
7x leverage amplifies gains and losses; rolling positions can lower the average holding price. The liquidation price (112.8/116.3 USD) is the red line for liquidation. Unrealized floating profits do not count as real gains. High-leverage betting has always been a double-edged sword.