Oil's biggest bull is sitting on a floating loss of $12.7 million and has placed orders planning partial stop-losses.

BlockBeats news, November 10th, according to TradingBeats monitoring, after the sharp drop in crude oil last night, the largest long position holder on Hyperliquid for crude oil, a whale address starting with 0x0cc1, is currently facing an unrealized loss of approximately $12.76 million, still holding about $90.01 million in Brent crude oil (BRENTOIL) long positions, with an average entry price of $103.15.

In the early hours of today, the whale placed 4 "reduce-only" sell orders in the $92.98—$97.98 range, estimated at approximately $39.41 million in total based on each price level, corresponding to a reduction ratio of about 41.7% of the existing long position. The orders are still pending execution.

It is reported that oil prices continue to face pressure due to significant progress in US-Iran nuclear negotiations. Last night, Brent crude oil futures settled down 5.85% at $92.57, with losses further widening to over $7 per barrel after settlement; WTI crude oil futures settled down 4.38% at $86.85.

The estimated liquidation price for the address's current Brent crude long position is approximately $81.25, about 10.1% below the current price.