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The "Largest ZEC Short" on Hyperliquid Continues to Close Out Positions, Reducing Position Size by Approximately $8 Million
BlockBeats News, November 19th, according to Coinbob Hot Address Monitor, in the past 24 hours, the largest ZEC short position on Hyperliquid (0xd47) has been steadily closing out its ZEC short position through stop-loss orders. The position size has decreased from $43.2 million to $35.34 million, resulting in a loss of approximately $1.78 million. The current unrealized loss on its ZEC short position is $14.61 million (206%), with an average entry price of $360.
This address opened a short position on ZEC on October 10th at an entry price of around $184 and has since continued to add to its short position. Recently, it has started to close out some of its position through stop-loss orders, and the total nominal value of the account is now approximately $67.86 million.
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