A certain crude oil whale has increased their short position to $44.7 million, with unrealized gains now expanded to $2.62 million.

BlockBeats news, November 12 - According to TradingBeats monitoring, the whale address starting with 0xc568 continued to increase its crude oil short positions from last night to this morning, adding approximately $2.07 million in WTI crude oil shorts and approximately $3.96 million in Brent crude oil shorts, with average add-on prices of $86.83 and $92.07 respectively, totaling approximately $6.03 million in new short exposure.

As of 11:07 today, the address still holds approximately $44.74 million in short positions on US and Brent crude oil, with a total unrealized profit of approximately $2.62 million. Among them, the WTI short position is worth approximately $14.74 million, with an overall average entry price of $89.31, and unrealized profit of approximately $804,000; the Brent crude oil short position is worth approximately $30.01 million, with an average entry price of $95.55, and unrealized profit of approximately $1.812 million.

On the news front, Reuters reported today that Middle East tensions and expectations of Russia-Ukraine peace negotiations have put oil prices under pressure again, with Brent and WTI crude oil futures both falling about 1.2% at one point during Asian morning trading. In the previous trading session, the two respectively closed up about 1.4% and 0.6%.

In addition to crude oil shorts, the address also holds approximately $3.86 million in natural gas long positions, with an average entry price of $3.269, and unrealized profit of approximately $398,000. Currently, its two crude oil short positions and one natural gas long position are all in profit, with a total unrealized profit of approximately $3.01 million.