Hyperliquid's 'ZEC Max Short' Forced Liquidation Event Triggers Additional Margin Calls and Position Recovery, Resulting in a Unrealized Loss of Over $18 Million

2 hours ago

On November 20th, according to the report of Coinbob's Popular Address Monitor at , in the past 24 hours, on Hyperliquid (0xd47), the largest ZEC short position has been gradually liquidating its short position by using stop-loss orders. Then, it used the collateral to add to the position in order to flatten the losses. Currently, the ZEC short position has an unrealized loss of $18.44 million (222%). Compared to yesterday, the position size changed from $35.34 million to $40.93 million; a realized loss of approximately $2.59 million has been recorded; the average price ranged from $360 to $384. This address initiated a short position on ZEC on October 10th with an entry price of around $184 and has been continuously adding to the short position since then. Recently, it started to close the position for the first time with stop-loss orders. Currently, the total nominal value of the account is approximately $73.67 million.

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