Crude Oil Continues Intraday Rally, Trader 'Loracle' Increases Short Position to $17.5 million

BlockBeats News, April 30, according to Hyperinsight monitoring, the prices of WTI and Brent oil surged over 10% within the day. The "Hyperliquid early contributor Lor)acle" address (0x8def...) executed a closing operation on its WTIOIL (WTI Crude Oil) short position, adding approximately 35,000 WTIOIL short contracts, with a total value of about $3.85 million.

After this addition, the total value of its WTI short position increased to $15 million, with an average price of $104.15, resulting in a current unrealized loss of about $647,500.

In addition, the address also opened a BRENTOIL short position today, with a scale of $2.5 million. The combined value of the two positions reached $17.5 million, and as of the time of writing, the address is still actively increasing its position.

Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae