Hyperliquid whales use 4.1 million USDC to open 5x long positions in Brent crude.

CoinFeed reported on March 19th that, according to Lookonchain, on-chain address 0xF35A deposited approximately 4.105 million USDC into Hyperliquid, subsequently establishing a long position in the Brent crude oil contract xyz:BRENTOIL using 5x leverage, with a total notional position of approximately $20.19 million. On-chain data shows that the liquidation price of this long position was $87.87.