A whale that took a $148 million long position in crude oil has begun cutting losses, while still holding nearly $100 million in Brent crude long positions.
1 hours ago
According to on-chain data analyst Yu Jin’s monitoring, a whale holding a $148 million long crude oil position started cutting losses after incurring an unrealized loss of $15.08 million. Over the past 10 minutes, this address closed out $44.04 million worth of long CL (WTI crude oil) positions via stop-loss, realizing a loss of $4.9 million. It is reported that this address initiated long crude oil positions half a month ago and gradually scaled up its position to $148 million. However, crude oil prices plunged 14% this week, pushing its unrealized loss to $15.08 million. Currently, the address still holds BRENTOIL positions worth $94.79 million, with an unrealized loss of $8.35 million.
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