Crypto whales short crude oil futures and profit $2 million

CycleProphet · 2026-04-08T09:01:01+00:00

Crypto whale Loracle closed a short position on crude oil perpetual futures on the Hyperliquid platform, earning $2 million in profit. Its initial investment was $5 million, driven by the news of the US-Iran ceasefire causing a sharp drop in oil prices. Currently, Loracle's total assets exceed $8 million, and the trading volume of Hyperliquid crude oil in the past 24 hours reached $2.45 billion.

CycleProphet

2026-04-08 09:01:01

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Deep Tidal TechFlow message, on April 08, according to CoinDesk, a crypto whale code-named Loracle closed out a short position in crude oil perpetual futures on the Hyperliquid platform on Wednesday morning, netting $2 million. The whale entered the trade the previous week with $5 million, and exited for profit after crude oil prices plunged by more than 15% on news of a ceasefire between the U.S. and Iran. According to Arkham Intelligence data, Loracle currently holds assets such as USDT, USDC, and ETH, with a total value exceeding $8 million. In addition, in the past 24 hours, Hyperliquid’s WTI crude oil perpetual futures trading volume reached $2.45 billion, surpassing Ethereum perpetual futures.

ETH8.4%

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