A whale liquidated a long position in crude oil futures, incurring losses of approximately $2.9 million.

According to on-chain analytics platform Lookonchain (@lookonchain), the whale address 0x2558 liquidated its entire long position of 500,000 crude oil futures (xyz:CL), incurring losses of approximately $2.9 million within just 33 hours. The position was valued at roughly $36.85 million.