Whale Opens 235K WTI Short Contracts with 20x Leverage as Crude Oil Breaks Below $85

CL-2.79%
According to Onchain Lens, a whale opened approximately 235,000 WTI crude oil short contracts with 20x leverage as crude oil prices fell below $85 per barrel. The position, with a notional value of around $19.38 million, quickly turned profitable. The whale's unrealized gains have exceeded $600,000.
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