[A whale holding $148 million worth of long positions in crude oil closed out $44.04 million worth of CL long positions, incurring a loss of $4.9 million] According to on-chain analyst Yu Jin, a whale holding $148 million worth of long positions in crude oil began to cut its losses after incurring a floating loss of $15.08 million. In the past 10 minutes, it closed out its $44.04 million worth of CL long positions, incurring a loss of $4.9 million. It began going long on oil prices two weeks ago and gradually increased its position to $148 million. This week, the 14% plunge in crude oil prices led to the substantial floating loss. It currently still holds $94.79 million worth of BRENTOIL, with a floating loss of $8.35 million.