A significant cryptocurrency whale has expanded its leveraged long position in BRENTOIL by adding $4.1 million in USDC, according to on-chain analyst Onchain Lens. This move, made after a two-month period of inactivity, brings the total value of the position to approximately $21 million.
The whale's position now includes 203,434 BRENTOIL tokens, with an average entry price of $106.91 and a liquidation price set at $89.05. The transaction was executed over the past 16 hours, reflecting a strategic bet on the future performance of BRENTOIL.
Whale Increases BRENTOIL Long Position to $21M with $4.1M USDC
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
