Zcash whale maintains short position on HyperLiquid for over a month... losses top $20 million
Summary
- On HyperLiquid, a Zcash (ZEC) whale maintained a large short position for over a month, and unrealized losses have surpassed $20 million.
- The whale entered with 5x leverage, but the ZEC price rose, and the investor reportedly added 5 million USDC in additional margin.
- The whale also holds a 15x leveraged short position on Ethereum (ETH), which is currently recording about $7 million in floating profit.
The largest short position on Zcash (ZEC) on HyperLiquid (HYPE) has been maintained for more than a month, resulting in a large unrealized loss.
According to data from HyperInsight on the 15th (local time), the whale opened a 5x leveraged short position on the 11th when Zcash was $360, but ZEC has risen to $700. The liquidation price is $1,084, and the unrealized loss amounts to about $20 million. It was confirmed that the investor deposited an additional approximately 5 million USDC that day to increase the margin.
Separately, the whale also holds a 15x leveraged short position on Ethereum (ETH). Opened at about $26 million in size, this position has an entry price of $4,094 and is currently showing roughly $7 million in floating profit.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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