Cointime reports: A whale who built a $148 million long position in crude oil has begun cutting losses after the trade fell $15.08 million underwater, on-chain analyst Yu Jin monitored on Nov. 5. In the past 10 minutes the trader closed $44.04 million of CL longs, realizing a $4.9 million loss. The position was accumulated over roughly two weeks before crude prices plunged 14% this week. The whale still holds $94.79 million in BRENTOIL, with an unrealized loss of $8.35 million.
Whale Faces $15.08M Loss on $148M Crude Oil Long, Starts Cutting Losses
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