"Whale trades" earn $125 million in one hour, US and Iran nearly reach consensus, 70 minutes before the report, the oil market shows $920M in abnormal short positions


According to market observation agency The Kobeissi Letter analysis, 70 minutes before Axios reported that the US and Iran were close to reaching a consensus on a "14-point" agreement to end the war, a short position worth approximately $920M in crude oil was established.
At 3:40 AM Eastern Time today (15:40 Beijing time), without any major news, the market established nearly 10k crude oil short contracts. In terms of nominal value, this transaction size is about $10k, which is an unusually large trade for 3:40 AM.
70 minutes later, at 4:50 AM Eastern Time (16:50 Beijing time), Axios reported that the US was "close" to reaching a memorandum of understanding to end the Iran war.
By 7:00 AM Eastern Time (19:00 Beijing time), oil prices had fallen more than 12%, and the aforementioned crude oil short position had an unrealized profit of about $125 million. $BNB
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