Tornado Cash Whale Deposits $7 Million to Hyperliquid for Massive Bitcoin Long

An anonymous Tornado Cash whale sent $7 million to Hyperliquid to open a large long on Bitcoin this morning. According to Lookonchain and Onchain Lens, the wallet went in with aggressive 20x leverage with the plan to profit from Bitcoin crushing Ether. Large holders usually run funds through mixers to move capital privately or to get ready to cash out. This case is unusual as the movement of these funds had just previously been tracked to a chain of addresses belonging to the hackers who drained the derivatives platform Drift Protocol of $290 million in April 2026. Some blockchain researchers warn against jumping to conclusions about where the funds came from.

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