Whale closes approximately $51.87 million in crude oil long positions, with a loss of $5.83 million.

A whale closed roughly 587,300 units of CL crude oil long positions worth about $51.87 million, realizing a loss of approximately $5.83 million, according to Lookonchain data cited by TechFlow on November 5. The trader still holds 1 million units of BRENTOIL long worth around $93.7 million, with an unrealized loss of about $9.45 million and a liquidation price of $82.4. The exit adds to earlier partial unwinding of CL longs, signaling mounting pressure on bullish crude positioning as losses stack up across both benchmarks. Traders will watch whether the remaining Brent position survives a move toward the $82.4 liquidation threshold.