After crude oil plunged 6.7%, Binance whales placed a precise $5.46M sell order at $77.7~ Tracking data shows a $5.46M sell order for Binance CL/USDT perpetual contracts, totaling 70,900 CL at a price of $77.7, which has been active for over 14 hours. $77.7—this number is so neat, like a secret code for the order book. But what's even more interesting is that it’s perfectly positioned right before oil prices rebound back into the cost zones of two major whale short positions. Current largest CL short positions on Hyperliquid: - 0x9e8b…afc4: Holding 256,900 CL, position value $19.56M, 20x cross margin, cost $80.07, unrealized profit $1.01M. - 0xebe1…4070: Holding 233,000 CL, position value $17.74M, 2x isolated margin, cost $78.89, unrealized profit $644K. The first position has high leverage and aggressive risk budgeting; the second looks more like a low-leverage core short position. ️ Oil price pullback comes amid Iran and Oman pushing for a temporary reopening arrangement for the Strait of Hormuz, with the market unwinding the supply disruption premium previously priced in. However, the Red Sea tanker attack reminds the market that geopolitical risks are cooling but not disappearing. In summary, key short-term observations: - If $77.7 holds down the rebound, the profit structure of the two major short positions remains intact. - If the sell order is withdrawn or quickly absorbed, prices could return to $78.89–$80.07, and shorts may start covering. Crude Oil CL