TechFlow News: On April 8, according to CoinDesk, the crypto whale codenamed “Loracle” closed its short position in crude oil perpetual futures on Hyperliquid early Wednesday morning, netting a profit of $2 million. Loracle had initially opened the position with $5 million last week and exited profitably after oil prices plunged over 15% following news of a U.S.-Iran ceasefire. According to Arkham Intelligence data, Loracle currently holds assets including USDT, USDC, and ETH, with a total value exceeding $8 million. Additionally, Hyperliquid’s WTI crude oil perpetual futures trading volume reached $2.45 billion in the past 24 hours—surpassing that of Ethereum perpetual futures.
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