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The largest short position on ZEC on Hyperliquid has increased to a $20 million unrealized loss, with an additional $5 million margin added.

2 hours ago

On November 16th, as per the monitoring of HyperInsight, the largest short position in ZEC on Hyperliquid has been held for more than a month. In the early hours of today, an additional 5 million USDC was transferred to the account to increase the margin. The 5x leveraged short position in ZEC was opened at $360. With the current price of ZEC at $686, the liquidation price at $1084, and the unrealized loss has risen to $20 million. The address initiated the short position in ZEC on October 11th and continued to average down during the uptrend. This whale also opened a 15x leveraged short position in ETH worth $26 million. Currently, it has an unrealized gain of $7 million with an entry price of $4,094.
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