An anonymous Tornado Cash whale deposited $7 million into Hyperliquid to open a highly leveraged 20x long position on Bitcoin, betting on Bitcoin outperforming Ethereum. The trade involves a $26 million position split between Bitcoin long and Ethereum short, aiming to profit from the price gap between the two coins. This move is notable because the funds may be linked to hackers who stole $290 million from Drift Protocol, though no direct evidence exists. The trade is high risk due to the leverage, with potential for total loss if Ethereum rises sharply while Bitcoin stagnates.
The Tornado Cash whale's $7 million deposit to Hyperliquid for a leveraged Bitcoin long is notable market context. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Nov 08, 2026 18:21 WIB: out of 50 priced major cryptocurrencies, 9 rose and 40 fell today. Kusama (KSM) traded at Rp57.658 with a 1-day change of -3.07%, Ethereum Classic (ETC) at Rp122.728 down 2.96%, and Zilliqa (ZIL) at Rp30 down 2.78%.
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