Crypto whale holding oil shorts walks away with $2 million in profit

A trader named Loracle closed his short position in oil futures early Wednesday, pocketing $2 million in profit. What to know : A trader named Loracle closed his short position in oil futures early Wednesday and walked away with $2 million in profit. Oil prices tanked over 15% on U.S.-Iran ceasefire. Hyperliquid-listed oil contracts have registered billions in trading volume, outpacing ether futures.