Crude oil continues to fall to recent lows; a major whale takes a $35.7 million short position on crude oil with 3x leverage

BlockBeats News, June 24, according to Hyperinsight monitoring, WTI and Brent crude oil have extended their recent downward trend and hit a new nearly 4-month low. On Hyperliquid, WTIOIL's 24H decline is about 1.63%; BRENTOIL's 24H decline is about 1.46%, giving back most of the gains since the initial US-Iran conflict started.

On Hyperliquid, whale address 0x17c3 currently holds both CL and BRENTOIL short positions, opened four days ago, with current unrealized profits reaching 1.3 million US dollars. Of these, the CL short position is about 21.98 million US dollars with an average entry price of 75.32 US dollars; the BRENTOIL short position is about 13.71 million US dollars with an average entry price of 79.34 US dollars.

Address: 0x17c3c8fdbcb7d1b240ce08965e09b1fc91cba868