A whale just closed a Longing BrentOIL position with a profit of $1.93 million, then opened a new Longing position at 3x the original price.
The new position involves 50,000 units of Brent OIL. At the same time, this entity still holds a 3x Short position on SOL and is currently experiencing a loss of $2.23 million.
Brent oil positions were closed and then reopened.
The wallet address “0xb58” closed its previous BrentOIL Longing position and recorded a profit of $1.93 million. Shortly after, this wallet reopened a 3x Longing position with 50,000 units of BrentOIL.
Short SOL is still in the negative.
Besides the BrentOIL trade, this wallet also maintains a 3x Short position on SOL. The unrealized P&L currently stands at a loss of $2.23 million.
Summary
Current developments show that the same wallet is simultaneously trading BrentOIL and SOL with large leveraged positions, with BrentOIL having just been closed for profit and then reopened.
