A new wallet received 3,100 ETH from Tornado Cash, sold it for about 6.92 million USDC, then deposited the entire amount into Hyperliquid. The money came from a shady source, but the moves were clean.
At 20x leverage, long 169.47 $BTC, worth about $12.84 million; at the same leverage, short 5,740 $ETH, also worth about $12.83 million. The two bets are almost equal in size, betting that BTC will outperform ETH.
There’s just one thing to watch: these positions are similar in size, so whoever gets liquidated first will reveal the direction. The on-chain address is public, and the Hyperliquid positions are visible—don’t rush to follow.