Crude oil longs liquidated at $44.04 million... Whale confirms $4.9 million loss

A whale liquidated a $44.04 million CL crude oil long position, realizing a $490,000 loss after the trade was closed within a 10-minute window around 9:25 a.m. KST on the 5th, according to on-chain analyst Yujin. The position had been built up over roughly two weeks to as much as $148 million before crude prices fell 14% this week, pushing unrealized losses to $15.08 million prior to the exit. The distinction matters because the $490,000 figure reflects the finalized loss, not the peak paper drawdown. The whale still holds a $94.79 million BRENTOIL long, keeping the trader exposed to further crude price swings.