At 3:40 AM ET today, nearly 10,000 contracts worth of crude oil shorts were taken without any major news.



This is equivalent to ~$920 million in notional value, an unusually large trade for 3:40 AM ET.

At 4:50 AM ET, just 70 minutes later, Axios reported that the US is "close" to a "memorandum of understanding" to end the Iran War.#BTCPullback
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