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

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

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailCrypto whale holding oil shorts walks away with $2 million in profitA trader named Loracle closed his short position in oil futures early Wednesday, pocketing $2 million in profit.By Omkar Godbole|Edited by Jamie Crawley Apr 8, 2026, 8:42 a.m. Make preferred on Crypto whale makes 2 million from oil shorts.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. A crypto whale walked away with a huge profit early Wednesday after U.S.-Iran ceasefire news sent oil prices crashing. The trader "Loracle" had shorte

Source: https://www.coindesk.com/markets/2026/04/08/crypto-whale-holding-oil-shorts-walks-away-with-usd2-million-in-profit