Data: On Hyperliquid, the largest short position in ZEC has seen its unrealized loss rise to $20 million, prompting an additional $5 million in margin...
TL;DR
The largest ZEC short on Hyperliquid has a $20M unrealized loss, prompting a $5M margin increase. The whale also holds a profitable $26M ETH short position.
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According to ChainCatcher, HyperInsight monitoring shows that the largest short seller of ZEC on Hyperliquid has been holding onto their positions for over a month. Early this morning, they transferred another 5 million USDC to their account to increase margin. Their 5x leveraged ZEC short position opened at $360, and with ZEC currently trading at $686 and a liquidation price of $1084, their unrealized loss has risen to $20 million. This address began its ZEC short position on October 11th, continuously adding to it during price increases to average down the cost.
The whale also opened a 15x short position in ETH, worth $26 million, and is currently showing a floating profit of $7 million. The opening price was $4,094.