Address Opens 10x Long Position on Hyperliquid, Faces $1.33M Unrealized Loss Today

HYPE-0.11%
CL-2.43%
According to on-chain analyst Ai Yi, a certain address deposited 4.24 million USDC to Hyperliquid and opened a 10x leveraged long position of 500,000 CL contracts worth $37.77 million today, with an entry price of $78.184. Approximately four hours later, the position is currently facing an unrealized loss of $1.33 million following the announcement of exemptions for Iranian petroleum and petrochemical exports.
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