Whale Reenters Brent Oil Market with Leveraged Position

A significant market player has made a notable move in the Brent oil market. According to BlockBeats On-chain Detection, within the past hour, a whale with an address starting with 0xcc1 closed a previous Brent oil long position at a loss. Subsequently, the whale reentered the market with a leveraged long position, utilizing 2x leverage. The current position amounts to $5.3 million, with an average price of $159.6 per unit. At present, the position shows a slight unrealized profit of approximately $20,000.