Newly Created Wallet on CL Opens $500K Leveraged Long, Faces $2.5M+ Floating Loss

CL-3.30%
According to OnchainLens monitoring, on June 23, a newly created wallet opened approximately $500,000 leveraged long position on CL and has incurred over $2.5 million in floating losses. The account is now just $2 away from liquidation price, leaving minimal room for further downside before full liquidation is triggered.
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