HuoXing Finance reports that on May 25, according to HyperInsight monitoring, as U.S. media reported that the U.S. and Iran have reached an agreement to fully open the Strait of Hormuz, the U.S. Secretary of State simultaneously confirmed that a potential agreement with Iran could be signed as early as Monday. Brent and WTI crude oil futures both plunged as much as 6% intraday. Crypto KOL CBB0FE (0xefd3a), who held a heavily shorted position of $18.4 million in Brent crude, now has an unrealized profit of $1.26 million at a liquidation price of $131.60.
Crude Oil Drops 6%, Crypto KOL CBB0FE Earns $1.26M from Short Position
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Summary
The crypto market moves sharply as crude oil drops 6% on May 25, 2026, following reports of a U.S.-Iran agreement to open the Strait of Hormuz. Crypto KOL CBB0FE (0xefd3a), holding an $18.4 million short position in Brent crude, now has a $1.26 million floating profit. The liquidation price is at $131.6. Crypto price action remains closely monitored amid evolving energy market dynamics.
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