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Sky Lianchuang Rune's two long positions in crude oil have turned from profit to loss, with the overall position now showing an unrealized loss of over $610k.
Odaily Planet Daily reports that as Brent crude oil falls below $90 per barrel, Hyperbot data monitoring shows that Sky (formerly MakerDAO) co-founder Rune’s 20x-leveraged crude oil futures CL (WTI crude oil) long position and its 7x-leveraged Brent Oil (Brent crude oil) long position have both turned to losses. In addition, its 7x-leveraged Nasdaq 100 short and 20x-leveraged S&P 500 short positions are also both currently in the red. Its overall position value has now dropped to approximately $3.95M, with an unrealized loss of over $610k.