A whale closed a $44.04 million CL long position at a loss over the past 10 minutes, according to on-chain analyst Ember. The realized loss on that trade was $4.9 million. Ember said the whale began building long exposure to crude oil about half a month ago and gradually increased the position to $148 million. After oil prices fell 14% this week, the whale’s floating loss reached $15.08 million. The address still holds a $94.79 million long position in BRENTOIL, which is currently showing an unrealized loss of $8.35 million. The update was first reported by ChainCatcher.
ChainCatcher reported, citing on-chain analyst Ember, that a whale closed a $44.04 million CL long position at a loss in the past 10 minutes. The realized loss was $4.9 million.
According to Ember, the whale started going long crude oil about half a month ago and gradually increased the position to $148 million. After oil prices fell 14% this week, the floating loss reached $15.08 million.
The whale still holds a $94.79 million long position in BRENTOIL, which is currently sitting on an unrealized loss of $8.35 million.
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