Arkham said trader 0x039 funded a new wallet two weeks ago and opened an 8x leveraged long position in ETH on Hyperliquid. Ten days ago, when ETH fell to $2,372, the position was facing an unrealized loss of about $4.9 million. With ETH now back above the trader’s reported entry price of $2,486, the position has swung positive. Arkham said the long, valued at $114.37 million, is now showing a profit of $1.98 million. The update tracks a sharp change in the position’s mark-to-market status over a short period, from a multi-million-dollar paper loss to a gain as ETH recovered above the entry level.
According to Arkham, trader 0x039 funded a new wallet two weeks ago and opened an 8x leveraged ETH long on Hyperliquid.
Ten days ago, when ETH touched $2,372, the position was facing an unrealized loss of about $4.9 million. ETH has now recovered above the reported entry price of $2,486, and the $114.37 million long position is currently showing a profit of $1.98 million.
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