Crude oil prices have plunged to their lowest levels in nearly four months, driven by significant market activity. A major whale executed a short position worth $35.7 million on crude oil with 3x leverage, contributing to the downward pressure. Both WTI and Brent crude oil have continued their recent declines, with WTIOIL dropping approximately 1.63% and BRENTOIL falling about 1.46% over the past 24 hours on Hyperliquid. This decline has erased most of the gains made since the onset of the U.S.-Iran conflict.