Whale Who Went Long on $148M of Crude Oil Closes $44.04M CL Long, Realizing $4.9M Loss

Nov. 5: According to monitoring by on-chain analyst Ember, the whale who went long on $148 million worth of crude oil began cutting losses after an unrealized loss of $15.08 million, closing $44.04 million worth of CL longs in the past 10 minutes and realizing a loss of $4.9 million. The whale began going long on oil prices half a month ago and gradually added to the position until it reached $148 million; crude oil prices plunged 14% this week, resulting in a large unrealized loss. It still holds $94.79 million worth of BRENTOIL, with an unrealized loss of $8.35 million.