Hacker: 20x Short ETH Long BTC on Hyperliquid

Hacker address 0x45d78aec95c24b99cc8641a5b25c910d8b7c00ca took 3100 ETH from Tornado, swapped it on Cowswap into 6.93 million USDC, and wired the proceeds to Hyperliquid. The trader then initiated 20x leverage short 8945.744 ETH paired with 20x long 263.81 BTC, establishing a direct short on the ETH/BTC ratio with 19.98 million dollars notional exposure.

This marks another instance of the same address using mixer proceeds to trade perpetuals rather than simply exiting spot holdings. The structure signals conviction that ETH will continue to lag BTC in the near term.

ETH trades at 2233.63 on the four-hour chart, sitting below both the EMA50 at 2282.33 and the EMA200 at 2405.47 while the MACD prints a death cross at negative 18.52. Price remains inside the Bollinger Bands with the upper band at 2425.87 acting as immediate resistance and the lower band at 2127.11 as support; RSI at 40.54 shows no overbought condition. The confluence of bearish moving-average structure and negative momentum supports further downside pressure toward the lower band before any sustained recovery attempt.