ChainCatcher report: According to on-chain analyst Onchain Lens, a large whale, after being inactive for two months, added $4.1 million in USDC to a 7x leveraged long position in BRENTOIL over the past 16 hours. The position currently holds 203,434 BRENTOIL tokens, valued at approximately $21 million, with an average entry price of $106.91 and a liquidation price of $89.05.
Whale Adds $4.1M USDC to 7x BRENTOIL Long Position, Total Value Reaches $21M
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Summary
A whale recently added $4.1M in USDC to a 7x BRENTOIL long position, focusing on position sizing. The current position totals 203,434 BRENTOIL tokens, valued at $21M. The average entry price is $106.91, with a liquidation price at $89.05.
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