A whale investor is experiencing significant losses after taking long positions in crude oil and gold at high market levels. On-chain analyst Yu Jin reported that the whale address (0xb581…) invested $19 million in crude oil when prices were at $100.4 and $6.95 million in gold at $4,345. Since these investments, crude oil prices have dropped by 27% and gold by 9%, resulting in an unrealized loss of approximately $5.7 million. The positions remain open as the market fluctuates.
Whale Faces $5.7 Million Loss on Crude Oil and Gold Long Positions
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