Add as a preferred source on GoogleOil Whale Realizes $4.9 Million Loss After Cutting $44.04 Million CL Long
The trader began building its oil position about two weeks ago, adding to $148 million. It still held $94.79 million in BRENTOIL with an $8.35 million unrealized loss.
On Nov. 5, a trader closed $44.04 million in CL longs for a $4.9 million realized loss after its unrealized loss reached $15.08 million.
The trader began building its oil long about two weeks earlier, adding to the position until it reached $148 million. It started cutting its exposure after the unrealized loss hit $15.08 million and closed the CL longs over a 10-minute period.
The trader still held a $94.79 million BRENTOIL position, which showed an $8.35 million unrealized loss.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.