According to Onchain Lens, a separate whale that opened a 1x leveraged long oil position three days earlier is now showing more than $1.18 million in unrealized profit as oil prices rise again.
Onchain Lens reported on March 14 that a whale that opened a 1x leveraged long oil position three days earlier had accumulated more than $1.18 million in floating profit as oil prices rose again. This adds a new development to the broader whale-trading story after an earlier report said another whale’s $34.74 million oil short was showing a $1.84 million unrealized loss as of March 12. The two reports describe different directional oil bets by large traders, with the new update focused on gains in a leveraged long position.