WTIOIL Whale’s Unrealized Profit Hits $3.22 Million on WTI Price Surge
According to Hyperinsight, the trader opened a 1x leveraged long (borrowed exposure with equal collateral) on March 24 at an average price of $105.5 with a $38.78 million position.
Summary
No Summary provided as the original text is short
Terms & Concepts
Leveraged long: A trading position that aims to profit from rising prices using borrowed exposure, which can amplify gains and losses.
On-chain: Activity or holdings recorded on a blockchain, allowing positions and wallet addresses to be tracked publicly.
Unrealized profit: A paper gain on an open position that has not been locked in through a sale or closure.