An address opened a 20x long position in BRENTOIL on Hyperliquid 12 hours ago and is now facing an unrealized loss of $1.4 million.
Foresight News reported, according to monitoring by Lookonchain, an address starting with 0xfe46 created a new wallet 12 hours ago and deposited 3 million USDC into Hyperliquid. Using 20x leverage, the address went long on 90,001 xyz:BRENTOIL. As oil prices plummeted due to the US-Iran ceasefire agreement, this address is currently facing an unrealized loss of $1.4 million, with a liquidation price of $77.91.
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