Two ZEC Long Whale Liquidations, 'Hyperliquid's Largest ZEC Short' Position Goes from Loss to Profit

On December 16th, per HyperInsight monitoring, ZEC dropped ~5.5% in the short term and fell below $380. The “Largest ZEC Short on Hyperliquid” has flipped from loss to profit, with a current position size of ~$16.5 million, average entry price of $389, and unrealized gain of $250,000 (8%). Among three whales with liquidation prices near $350 today: - Address 0x58e fully closed its position; - Address 0x96e cut losses by ~$1 million; - Address 0x535 has not adjusted its position, with a liquidation price around $348. Additionally, this whale added to its ETH and MON short positions today—now holding the largest short positions for ETH, ZEC, and MON simultaneously. Its main profits stem from ETH shorts: ~$92.45 million position size, average entry $3,377, unrealized gain of $14.33 million (232%). The account’s total short position is ~$118 million. Historical context: This address first opened a ZEC short on October 10th at ~$184, then added to the position to average up its entry price; it had an unrealized loss of $21 million on October 17th.