An anonymous address beginning with 0x039 has held an 8x leveraged long position of roughly 45,000 ETH on Hyperliquid since Aug. 31. The position is worth about $107 million and ranks as the platform's third-largest single ETH long, with an average entry price of $2,486 and a liquidation price of $2,182. It is showing an unrealized loss of about $4.295 million after reaching a peak unrealized profit of $5.054 million. The address has paid more than $540,000 in funding fees. On-chain analyst ai_9684xtpa said the address appears to be opening a position for the first time and estimated that an existing large trader may have used a new address.