An Address Opens BTC Long and ETH Short Positions Worth Over $12 Million on Hyperliquid

According to TechFlow, on November 8, Lookonchain monitoring showed that a newly created address received 3100 ETH from Tornado Cash, swapped it for approximately 6.92 million USDC, and transferred the funds to Hyperliquid.

The address then used 20x leverage to open a 169.47 BTC long position and a 5740 ETH short position, with position values of approximately $12.84 million and $12.83 million, respectively.

Source: TechFlow