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BlockBeats News, April 17th, according to data from lookonchain, a well-known trader's address pension-usdt.eth experienced a significant drawdown during this round of market rebound, with a substantial unrealized loss on their short positions. The address currently holds approximately 1,000 BTC (about $77.5 million) and 20,000 ETH (about $48.7 million) in short positions, totaling an unrealized loss of over $15.5 million. As a result, their historical cumulative profit has plummeted from a peak of around $33.28 million to approximately $14.98 million, a nearly 55% drawdown. It is worth noting that this trader had previously set a record of 20 consecutive profitable trades with a win rate of over 85%.

European natural gas prices once fell by 10%, while Europe's benchmark diesel futures plunged by 15% to $997.75 per metric ton. The emerging markets foreign exchange index reversed the decline since the United States and Israel launched the war against Iran. Axios, citing U.S. officials and informed sources, reported that progress had been made in U.S.-Iran negotiations on a three-page memorandum of understanding (MOU) aimed at ending the war. In addition, according to NewsNation, U.S. President Trump stated that Iran agreed to stop uranium enrichment, saying, "Iran agreed to everything." Related articles: The Strait of Hormuz will open, a breakthrough emerges in the nuclear negotiations, the Dow Jones rises over 1%, WTI oil price plunges more than 11%, silver jumps 5%.

Chicago Board of Trade (CBOT) grain futures fell, appearing to follow the downward trend of crude oil futures; previously, Iran's foreign minister stated that the Strait of Hormuz is "fully open" to merchant ships, leading to a plunge in crude oil futures. Arlan Suderman of StoneX said in a report that Iran's statement is the first step in the long process of normalizing the situation in the region. Chicago Board of Trade corn futures fell by 0.7%, soybean futures dropped by 0.7%, and wheat futures declined by 1.9%.