A mysterious address shorted approximately $25.38 million worth of BTC with 40x leverage, sitting on about $160,000 in unrealized profit, with a liquidation price of $84,088

Odaily News: According to on-chain analyst Ember Monitoring, an address received 263 ETH from Tornado Cash yesterday, then swapped it for approximately 643,000 USDC and deposited it into Hyperliquid.

The address used 40x leverage to open a full-position short on 305.5 BTC, with a position size of approximately $25.38 million, an average entry price of $83,068, and a liquidation price of $84,088. It currently has about $160,000 in unrealized profit. The source of funds for this address involves Tornado Cash, but it cannot yet be confirmed whether it is related to hacker activity.