ZEC Long vs Short Showdown Upgrade: "ZEC Whale Short" Increased Losses to $20 Million, Leading Bull Longs Already Profited $6.5 Million

2 hours ago

December 29th — Per HyperInsight monitoring, ZEC has notched a ~22% cumulative gain since Dec 27, sparking a spike in open interest (OI) on the Hyperliquid platform. Top on-chain long and short positions for ZEC have both ramped up their bets. The largest ZEC short address recently added to its position, pushing it back to $19.84 million (avg entry: $417) — with a floating loss of ~$4.51 million (-113%). Active in shorting ZEC since October, the address cut its short from $16.5M to $9.1M on Dec 17 before reloading. Its total short position now sits at $163M (up from $113M), making it the biggest short holder for the platform’s three top coins: ETH, ZEC, and MON. Meanwhile, whale address 0x6b2 significantly boosted its 3x leveraged ZEC long yesterday (avg entry: $520). Its current ZEC long totals $32.2M (avg: $431) with ~$6.53M in floating profit (60%) — now the largest on-chain ZEC long holder.

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