Crude oil’s ongoing slump has pushed a whale who opened 60 long positions to exit the market regretfully, incurring a net loss of $2.43 million from multiple prior liquidations.

According to Hyperinsight monitoring, the whale address starting with 0xc278 has completed 61 BRENTOIL trades since trading Brent crude on March 19, of which 59 were long positions and only 2 were short positions, with a long position ratio of 96.7%. The total net loss from all 61 trades is approximately $2.431 million, with positions worth over $1 million accounting for 99.4% of the total loss. Yesterday morning, its Brent long positions triggered a system liquidation again. The entire liquidation closed out 47,600 BRENTOIL long positions, with a liquidation turnover of about $4.046 million, a weighted liquidation price of approximately $84.99, and a total loss of around $275,000. After the liquidation, the address no longer holds any Brent positions. Before the liquidation, BRENTOIL on Hyperliquid dropped from a high of $91.68 to a low of $82.81 on Sunday, with a maximum decline of 9.7%; its final backup liquidation price was about 7.6% lower than the high. This round of decline mainly occurred after Trump said he would suspend a new round of strikes on Iran and that a Middle East ceasefire agreement was near. The whale had three long positions in early April that lost about $882,000, $513,000, and $460,000 respectively, but afterward it still almost only went long on crude oil, repeatedly recording the largest single liquidation on the network.