Lookonchain
A whale opened more than $147 million in oil long positions: 868,840 BRENTOIL contracts valued at $91 million and 580,960 CL contracts valued at $56.1 million, according to HypurrScan.
The positions span Brent crude and US crude oil futures. Their size shows concentrated exposure to oil prices, but the trade alone does not establish the trader’s rationale or indicate whether the positions will be profitable.
Source: [HypurrScan Beta](https://hypurrscan.io/address/0x0cc159b29f45c9cc0da41326d7e18e04245bc7cb#perps)
Frequently asked questions
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How much did the whale commit to oil long positions?
The positions totaled more than $147 million: $91 million in BRENTOIL contracts and $56.1 million in CL contracts.
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Which crude oil markets do the positions cover?
The positions span Brent crude through BRENTOIL contracts and US crude oil through CL contracts.
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How many BRENTOIL contracts were opened?
The whale opened 868,840 BRENTOIL contracts, valued at $91 million.
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How many CL contracts were opened?
The whale opened 580,960 CL contracts, valued at $56.1 million.
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Does the position size reveal the whale’s trading rationale?
No. The size shows substantial exposure to oil prices, but does not establish the trader’s rationale or whether the positions will be profitable.
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