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Trader "Loracle" bought to cover crude oil short positions before the rebound, recording a profit of $3.1 million.
BlockBeats News. May 8th, according to Coinbob’s hot address monitoring, well-known trader “Loracle” on Hyperliquid closed all short positions in US and Brent crude oil near the recent lows last night, for a total position size of about $20 million, recording a profit of about $3.1 million.
Among them, the WTI crude oil closing price was about $90, and the Brent crude oil closing price was about $98—both around the lower end of the current phase. Only one night after taking profits, tensions in the Strait of Hormuz flared up again, and oil prices quickly rebounded during the day.
Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae