ONE TIME in profit of +$5.8M… AND NOW in deep RED 😡.

This is honestly brutal to watch. The same whale who was sitting on a $5.8M floating profit on his massive oil shorts just a day ago… is now down about -$1.96M. That’s a swing of nearly $8M in under 24 hours.
Right now, the account is still fully committed...100% short exposure,with total positions around $72.98M, and no long hedge at all. The $CL short sits at about $37.8M, entered at $95.211, with current price around $98.725, putting it at roughly -$1.34M unrealized loss. Liquidation is far up at $149.6, so there’s room… but yeah, it’s bleeding. And the second position is on #BrentOil short, about $35.17M, entry at $95.99, current price near $97.70, sitting on another -$621K loss, with liquidation around $149.3.
Margins are heavy---about $20.9M on #CL and $19.9M on Brent so this isn’t getting wiped anytime soon, but the pressure is real. Funding costs are also stacking up, already hundreds of thousands in the red.
And the crazy part is.... Nothing fundamentally changed in his positioning. Same trade… same conviction… just the market moving against him hard enough to flip millions in PnL.
Address:0x9D32884370875f2960D5CC4b95Be26687d69Aff5
ALWAYS NOTE: This is what size does…when you’re right, it prints fast--when you’re wrong, it hurts even faster.