According to a post from Biejie.com, a trader, as claimed in a tweet by the on-chain analysis platform Lookonchain, opened a long position on Hyperliquid using 20x leverage for 90,000 units of xyz:BRENTOIL. After the US-Iran ceasefire caused oil prices to plummet, the position is now down $1.4 million in unrealized loss, and the liquidation price is $77.91.

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