Odaily reported, citing monitoring by on-chain analyst Ai Yi, that a specific address deposited 4.24 million USDC into Hyperliquid about five hours earlier. The deposit was used as margin. After that, the address opened a 10x leveraged long position in 500,000 CL, with the position valued at $37.77 million and an entry price of $78.184.
CL is commonly used to refer to crude oil-related contracts. In this case, the monitored data includes the margin amount, leverage level, position size, notional value, and entry price. The position was established on Hyperliquid, and its direction was long crude oil through the CL contract.
Roughly four hours after the position was opened, news was released that Iranian oil and petrochemical product exports had received exemptions. Based on Ai Yi’s monitoring at the time of disclosure, the address is currently showing an unrealized loss of $1.33 million on the CL long position. The position remains recorded as a 500,000 CL long with a value of $37.77 million.