As the price of crude oil found a strong sell wall around $101 in the past few days to trade at about $99.6 on March 23, Andrew Tate was liquidated about $286,000 shorting it last week.
The British-American former professional kickboxer had opened an $11.6k margin short position on crude oil futures at $95.76. Tate never used any risk management skills, including a stop loss to cut losses, thus resulting in total loss as the commodity jumped to $98.11.
As such, Tate lost a total of $715k, as per on-chain analysis revealed by Stalkchain. Moreover, Tate also liquidated his long Bitcoin (BTC) position valued at approximately $75k earlier this month.
The fast liquidation process for this Crude Oil futures trade was expedited by the use of high leverage, about 24X, without a stop loss.
Tate gets liquidated on Oil amid high volatility induced by the Middle East crisis
Tate is among other traders seeking to capitalize on higher volatility in crude oil prices amid the ongoing Middle East crisis. Since the beginning of March, 2026, Crude Oil futures (CL1!) price jumped over 50% to trade at about $99.41 at press time, according to data from TradingView.
From a technical analysis standpoint, Crude Oil futures face a midterm correction before continuing with its upside. Moreover, CL1! has been forming a potential symmetrical ascending triangle in the daily timeframe, coupled with a falling divergence of its Relative Strength Index (RSI).
Speculation on Crude Oil has spiked as more global nations signal potential hikes in prices by double-digit percentages in a short span, led by Sri Lanka’s 25% surge. As such, volatility in the Oil industry could continue in the midterm as the U.S.-Iran war escalates uncertainty.
