A fascinating story came by about a large whale that capitalized well on developments in the oil market. This trader had held short positions in oil and managed to profit significantly, with a gain of about $2 million.

Apparently, the whale had read very well where the market was heading. You often see moves like this from larger players who monitor multiple markets, not just crypto. The funny thing is that many crypto investors actually use the same analysis tools for traditional markets.

Such a leveraged trade on oil is, of course, not without risk, but this whale timed it well. It's interesting to see how portfolios are increasingly diversifying beyond pure cryptocurrencies. Who else is following these kinds of moves?