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.
