Whale Sells ETH Bottom-Fishing Position and Pivots to Crude Oil Longs; 4% Oil Price Gain Brings $1.9M Unrealized Profit
24/10/2026, 07:00:01
Bollcoin, October 23: According to on-chain analyst Ember's monitoring, a whale that sold its low-price ETH bottom-fishing position 3 days ago has turned to going long crude oil and now sits on an unrealized profit of $1.9 million. The whale had previously bought ETH at $1,647 and sold after making $8.99 million in profit, then shifted the funds into the oil market to build long positions worth a total of $51.56 million, including $30.78 million in CL crude oil contracts and $20.78 million in BRENTOIL contracts. With oil prices rising about 4% today, the unrealized gains on its crude oil longs have further expanded.