Trader 0x7f5f, who previously secured $2.67 million in profits from three successful oil long positions, has suffered a significant setback. Seven hours ago, the trader went long on 212,943 xyz:CL contracts valued at $20.38 million. However, following the announcement of a ceasefire between the US and Iran, oil prices plunged, resulting in a $3.62 million loss for the trader, effectively erasing all prior gains. The trader's address is 0x7f5ff9f8da891ffe5229e33b90959ae1e6d5f47e.