Tornado Cash-linked wallet builds $26 million BTC long and ETH short trade

A wallet linked to Tornado Cash funding converted 3,100 ETH into roughly 6.92 million USDC, then opened a paired trade on Hyperliquid that is long Bitcoin and short Ether. The position is worth about $26 million. Traders may watch it as a sign of large-player positioning on the BTC-ETH spread, though the Tornado Cash link adds regulatory and reputational risk.