「Top ZEC Short on Hyperliquid」 Continues to Add to ETH and ZEC Shorts, with Total Short Position of Nearly $120 Million

December 12 — According to monitoring data from HyperInsight (via its Telegram channel @HyperInsight), the largest ZEC short position holder on Hyperliquid has continued to add to short positions in ZEC and ETH over the past two hours. The account has injected roughly $13 million in additional capital today. As of now: - ETH short position: ~$79.53 million, with an unrealized gain of $5.49 million (103% return) and an average entry price of $3,470. - ZEC short position: ~$24.30 million, with an unrealized loss of $3.47 million (-71% drawdown) and an average entry price of $388. Additionally, the account is currently the largest short holder for ZEC and MON on Hyperliquid, and the second-largest for ETH. Its MON short position has also seen a notable recent increase, now totaling $9.90 million with an average entry price lowered to $0.0327. The account’s main profits currently come from its ETH short, with total short position size across all assets at ~$118 million. This address first opened a ZEC short on October 10 at ~$184, then added to the position (raising its average entry price). The position incurred an unrealized loss of $21 million on October 17, turned profitable by December 1, and is now back in an unrealized loss.