The largest short seller of ZEC on Hyperliquid has been holding a short since ZEC reached $180, and their unrealized losses have exceeded $21 million.

According to Mars Finance, on November 17th, Coinbob's monitoring of popular addresses showed that the largest short position in ZEC on Hyperliquid (0xd47) had a floating loss of $21.75 million (approximately 245%). Compared to last week, the position size increased from $29.26 million to $43.2 million, with the floating loss widening by approximately $7 million. The average price increased from $294 to $360, and the liquidation price was $1111. This address previously opened a short in ZEC on October 10th at an opening price of approximately $184, and subsequently continued to short and gradually added to its position. The current total notional value of the account is approximately $74.35 million.