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On-Chain Whale Closes CL Long Position With $910,000 Profit

According to Onchain Lens, the trader has opened three CL long positions in total, generating $2.7 million in cumulative profit with a 100% win rate.

Summary

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Terms & Concepts
  • On-chain: Activity recorded directly on a blockchain, allowing wallet actions and transactions to be tracked publicly.
  • Long position: A trade that bets an asset’s price will rise, with profit earned if the market moves higher.
  • Whale: A market participant with very large holdings or trades that can draw attention because of their size.