Crude oil prices plunged, hitting a new recent low; a major whale shorted $35.7 million worth of crude oil with 3x leverage.

TechFlow News, June 24: According to Hyperinsight monitoring data, both WTI and Brent crude oil prices continued their recent decline, hitting their lowest levels in nearly four months. On Hyperliquid, WTIOIL fell approximately 1.63% over the past 24 hours, while BRENTOIL declined roughly 1.46%—erasing most of the gains accrued since the onset of the initial U.S.-Iran conflict.

A whale address (0x17c3) on Hyperliquid currently holds simultaneous short positions in both CL and BRENTOIL, opened four days ago, with unrealized profits reaching $1.3 million. Specifically, the CL short position amounts to approximately $21.82 million, established at an average entry price of $75.32; the BRENTOIL short position totals approximately $13.75 million, initiated at an average entry price of $79.34.