Trader Deposits 999,200 USDC to Hyperliquid and Opens 49,040 CL Long With 4x Leverage

A trader deposited about 999,200 USDC into Hyperliquid and opened a 49,040 CL long position using 4x leverage, according to Onchain Lens monitoring. According to Odaily, the position was valued at $3.63 million. The account previously recorded cumulative losses of $157,000 on earlier positions.