PANews reported on March 31 that, according to Lookonchain , a trader created a new address and deposited approximately 19.6 million USDC into Hyperliquid to go long on crude oil with high leverage. He opened a long position of approximately 20 times in the perpetual contract market, including 53,000 xyz:BRENTOIL contracts with a notional value of approximately $ 5.66 million, and 50,000 xyz:CL contracts with a notional value of approximately $ 5.13 million.