After going long on crude oil with 10x leverage, an address is now facing a floating loss of $1.33 million, holding a CL long position valued at $37.77 million

According to monitoring by on-chain analyst Ai Yi, an address deposited 4.24 million USDC as margin into Hyperliquid 5 hours ago, then opened a long position of 500,000 CL contracts with 10x leverage, valued at $37.77 million, at an entry price of $78.184. About 4 hours after opening the position, news broke that Iran's export of petroleum and petrochemical products had received an exemption. The address is currently facing a floating loss of $1.33 million.