US-Iran tensions ease, Brent crude plunges nearly 6% in a single day; the largest on-chain long position now faces unrealized losses exceeding $11 million.

November 10th - Following a rapid easing of tensions between the US and Iran last night, the on-chain 24-hour decline in Brent crude oil reached 5.77%.

Affected by this, according to TradingBeats monitoring, the largest long position in on-chain crude oil, the Brent crude long, has incurred an unrealized loss of $11.62 million. This address established the crude oil long position on October 19 at an opening price of $103, once enjoying unrealized gains exceeding $2 million, with a liquidation price of $81.28.