「Largest ZEC Short Position on Hyperliquid」 previously underwent a significant position rollover, and is now once again in unrealized losses.

On December 9, per monitoring from HyperInsight, the ZEC short position of Hyperliquid’s largest ZEC short holder has once again moved into unrealized losses over the past 15 hours—driven by ZEC’s ongoing price surge. The address partially closed out its ZEC short position, incurring a roughly $1.24 million loss. Its current position size stands at ~$25.7 million, with a liquidation price of $886 and an unrealized loss of $1.4 million (-27%). Monitoring shows the address has continuously added over $11 million to its ZEC short since December 5, lowering its average entry price from $412 to $387. Additionally, the address has significantly expanded its ZEC and MON short positions this month, with their average entry prices declining. Its primary profits now stem from its ETH short: an unrealized gain of ~$7 million (223%), position size of ~$47.21 million, and average entry price down from $4,015 to $3,573. The newly opened 3x-leveraged MON short has a size of ~$7.44 million, an unrealized gain of $2 million (80%), an average entry price of $0.035, and is currently Hyperliquid’s largest MON short. Previously, the address opened its initial ZEC short on October 10 at ~$184, then added to the position to average up its entry. On October 17, its peak unrealized loss hit $21 million; it turned profitable on December 1 (peak gain over $3 million) but is now back in the red.