Anonymous Whale Faces $4.3M Unrealized Loss on 8x Leverage ETH Long Position

An anonymous whale holding an 8x leveraged long position in ETH has recorded a $4.295 million unrealized loss as of August 31, according to on-chain analyst ai_9684xtpa via X. The current position size is approximately $17 million, making it the third-largest single ETH long position within Hyperliquid's platform. The average entry price was $2,486 with a liquidation price of $2,182. Analyst ai_9684xtpa confirmed this is the first time the address (starting with 0x039) has opened such a position but suggested it may be using a new address for an existing major trader.