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🚨 CRUDE OIL SHORT SQUEEZE 🚨
Bears are bleeding! 📉🔥
Data shows traders poured a record $977.00 million into the ProShares UltraShort Crude ETF (SCO) in March—the largest inflow since 2008. They bet heavy on a "war is ending" dip, but it backfired.
The Damage:
• SCO fell 41% in March (worst in 6 years).
• Despite $977M flowing in, total assets are only $970.00M.
• Massive losses effectively "ate" the new investment capital. 💸
While shorts suffered, long funds (USO & BNO) hit record inflows of $700M and $600M. The market is highly divided, but for now, the short sellers are trapped. 🛢️⚠️
Follow for more! 🔔
#Odaily #CrudeOil #SCO #ShortSqueeze #GoldenTen
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