Trader 'Loracle' Bottomed Out Before the Rebound, Closing a Short Position on Crude Oil for a $3.1 million Profit

BlockBeats News, May 8, according to Coinbob Popular Address Monitoring, Hyperliquid's renowned trader "Loracle" fully closed his long positions on both WTI and Brent crude oil near recent lows last night, with a total position size of approximately $20 million, realizing a profit of about $3.1 million.

The closing price for WTI crude oil was around $90, and for Brent crude oil was around $98, both in the low range. Shortly after taking profit, the situation in the Strait of Hormuz tensed up again overnight, leading to a quick rebound in oil prices.

Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae