「Top ZEC Short on Hyperliquid」 once again reduced their ZEC short position and used the funds to open a MON short position.

As of December 17, per monitoring from HyperInsight, the entity holding the "Largest ZEC Short on Hyperliquid" has been trimming its ZEC short position since yesterday—when it swung from a loss to a profit. Its ZEC position has dropped from $16.5M to $9.1M, with an average entry price of $389. Some of the freed capital was used to add to its MON short: the current MON position is ~$9.2M, with an unrealized profit of $4.62M (150%) and an average entry of $0.0308. This address previously initiated a ZEC short on October 10 at ~$184, then added to the position to average up its entry price. On October 17, at its lowest point, the position was down $21M, with ZEC exposure peaking at $43.2M. Currently, the entity is still closing out its ZEC and STRK shorts. Its primary profits stem from an ETH short: the position is ~$92.95M, with an average entry of $3377 and an unrealized profit of $13.86M (224%). This address is now the largest short seller across ETH, ZEC, and MON on Hyperliquid, with a total short exposure of ~$113M.