「Top ZEC Short on Hyperliquid」 Adds to ZEC Short Position, Realizes $3 Million Profit Turnaround

December 5th — Per HyperInsight monitoring, the ZEC short position of the "Top ZEC Short on Hyperliquid" address has neared its average entry price amid ZEC’s ongoing rally. Over the past hour, the address added ~$1.72 million in additional ZEC shorts, bringing its current position size to ~$14.1 million. Its unrealized profits have shrunk from over $3.3 million yesterday to $300,000, with the average entry price adjusted to $412. The address initially opened a ZEC short on October 10 at ~$184, then added to the position to average up to $419. On October 17, its maximum unrealized loss hit $21 million. Currently, the address is shorting ETH, ZEC, MON, and HYPE simultaneously, with core profits tied to its ETH short. Recent unrealized gains have contracted by ~$3 million, leaving current unrealized profits at $6.22 million (194%). Its total short position size across all assets is ~$48.05 million, with an average ETH entry price of $4,014. The recently opened 3x-leveraged MON short has a position size of ~$5.72 million and unrealized profits of $2.26 million (118%), ranking as the top MON short position on Hyperliquid.