According to CoinMeta, as reported by Arkham, trader 0x039 recently went long on ETH with 8x leverage on HyperLiquid. The funds came from a newly created wallet two weeks prior. Ten days ago, when the price of ETH fell to $2,372, his position suffered a loss of about $4.9 million. Currently, with the price of ETH having rebounded to $2,486, he has made a profit of about $1.98 million on his long position of $114.37 million.