Crude oil prices suddenly plunged, crypto KOL CBB0FE heavily shorted, with unrealized gains of $1.26 million

BlockBeats News, May 25 — According to HyperInsight monitoring, as U.S. media reports that the U.S. and Iran have reached an agreement to fully open the Strait of Hormuz, the U.S. Secretary of State also confirmed that a potential agreement with Iran could be signed as early as Monday. Brent crude and WTI crude futures both once dropped by 6% intraday.

Crypto KOL CBB0FE (0xefd3a) heavily shorted $18.4 million worth of Brent crude positions, now with an unrealized profit of $1.26 million, liquidation price at $131.6.