A whale holding a $148 million long position in crude oil began cutting exposure after suffering $15.08 million in unrealized losses as oil prices plunged 14% this week. The trader closed $44.04 million of CL long positions over 10 minutes, realizing a $4.9 million loss, according to on-chain analyst Yu Ember as cited by PANews. The trader started buying oil about two weeks ago and gradually increased the position to $148 million. It still holds $94.79 million in BRENTOIL, which carries an unrealized loss of $8.35 million.