Crypto whale holding oil shorts walks away with $2 million in profit
Burns Brief
A trader named Loracle closed his short position in oil futures early Wednesday, pocketing $2 million in profit The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
A trader named Loracle closed his short position in oil futures early Wednesday, pocketing $2 million in profit.
Key Takeaways
- A trader named Loracle closed his short position in oil futures early Wednesday, pocketing $2 million in profit