Drift Hacker: $658K Gain on 20x ETH Short BTC Long

Drift hacker address 0x45d78AEC95C24B99CC8641a5B25c910D8b7c00ca opened a $20M 20x ETH short paired with a 20x BTC long on Hyperliquid yesterday morning after receiving 3100 ETH from Tornado Cash and swapping via Cowswap. ETH/BTC dropped 3.56% overnight, pushing the position to a $658K floating profit as BTC rebounded harder than ETH.

Price action on the ETH 4h chart shows a bearish structure with price at $2133.46 sitting below both the EMA50 at $2264.77 and EMA200 at $2395.18. The MACD death cross at -29.44 confirms trend strength to the downside while RSI at 25.42 signals oversold conditions. With price now testing the lower Bollinger Band support near $2160.09, the short side remains favored until a reclaim of the $2294.82 upper band occurs.