The reported liquidation level for the largest on-chain Brent long is $81.28 a barrel, $21.72 below its $103 entry, while the position shows an $11.62 million unrealized loss.
The position opened Oct. 19. Its liquidation level is about 21% below its entry price. The benchmark declined 5.77% over the preceding 24 hours.
An earlier reading put the trade above $2 million in unrealized profit. A later valuation showed an $11.62 million loss, a change in paper value exceeding $13.62 million.
The reported levels apply to this single position; they do not measure oil traders' combined losses. Because the position remains open, the $11.62 million figure is a paper loss, not a settled result.
