A trader named Loracle closed his short position in oil futures early Wednesday, pocketing $2 million in profit.
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.
Shares:
DJT stock is up 9% after hours.
The billionaire, a well-known bitcoin proponent, added he holds no bonds or stocks except for his own company shares.
Returning to their screens following the July 4 break, U.S. traders were confronted with prices that had plunged roughly 10% from pre-holiday levels.
Using risk capital metrics, the bank says BTC should match two-thirds of gold's private investment base, up from $102K now.