Whale Wallet Rotates From $SILVER Longs to $CL 20x Longs, Onchain Lens Says
According to Onchain Lens, the address 0x9e8 closed most leveraged long positions betting on $SILVER and opened 95,577 leveraged long positions in $CL worth about $9 million over the past five hours.
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Terms & Concepts
Long position: A trade that profits if an asset’s price rises.
20x leverage: Borrowed exposure that magnifies gains and losses by 20 times the trader’s collateral.
Whale wallet: A blockchain address associated with a holder large enough to influence market activity.