A large investor in crude oil has suffered significant losses, with their account being liquidated for 12.3 million shares over three months. The recent decline in oil prices has erased all profits made since the US-Iran conflict. The investor had taken a long position in WTIOIL with 20x leverage, buying at an average price of $87.59. However, the position was liquidated at around $68.56, resulting in a loss of approximately $3.463 million. The initial liquidation saw 36,000 CL shares sold, with a loss of around $690,000, followed by the remaining 144,000 CL shares, which lost about $2.773 million. The conflict between the US and Iran had driven oil prices up to around $118, but the investor failed to close their position at the peak. As oil prices continued to fall, the position was eventually liquidated at around $68.35, wiping out all gains since February 28. Current data suggests that large holders of crude oil WTI are generally bearish, with short positions valued at around $61.46 million, more than twice the value of long positions