Whale Opens $17.96 Million Crude Long as Account Shows $14.95 Million Monthly Loss

A whale opened a $17.96 million long in CL crude oil on Oct. 29 even as its account's performance curve showed an aggregate loss of about $14.95 million over the prior month.

The position's average entry price was $100.90 and it used 10x isolated leverage. It showed an unrealized gain of about $69,300, with a liquidation price near $93.19, about 8.07% below the market price.

The account had about $2.87 million in equity against $28.85 million in combined crude and 微软 long positions, for overall leverage of about 10.04x. Crude made up about 62.45% of total positions, while the remaining exposure included a roughly $10.83 million long in 微软.

The account received about $2.03 million in USDC through two transfers from the same address on Oct. 26 and 27. Before opening the crude position, the trader closed longs in 闪迪 and 英特尔 following earnings, realizing about $714,200 in combined gains. The trader also exited partly liquidated 谷歌 longs at a loss of about $590,000.