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Crypto whale Loracle closed crude oil short positions, earning $2 million in profits

Crypto whale Loracle closed crude oil short positions, earning $2 million in profits

AIcoinAIcoin2026/04/08 09:04
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The crypto whale codenamed Loracle closed a short position in crude oil perpetual futures on the Hyperliquid platform on Wednesday morning, netting a profit of 2 million US dollars. Last week, Loracle opened a position of 5 million US dollars and exited with profits after oil prices plummeted by over 15% due to the news of a ceasefire between the US and Iran. According to Arkham Intelligence data, Loracle currently holds assets such as USDT, USDC, and ETH, with a total value exceeding 8 million US dollars. In addition, in the past 24 hours, trading volume for WTI crude oil perpetual futures on the Hyperliquid platform reached 2.45 billion US dollars, surpassing Ethereum perpetual futures.
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