The largest ZEC short position on Hyperliquid increased their ZEC shorts, with $3 million in unrealized gains given back.

On December 5th, according to HyperInsight monitoring, due to the continued rise of ZEC, the “largest ZEC short position on Hyperliquid” briefly approached the average entry price. In the past hour, the address has added approximately $1.72 million to its ZEC short positions, bringing the current position size to about $14.1 million. Unrealized profit has narrowed from over $3.3 million yesterday to $300,000, and the average price has been adjusted down to $412. This address initially opened a ZEC short position on October 10th at an entry price of around $184, and subsequently added positions to average up, raising the average to $419. On October 17th, the maximum unrealized loss reached $21 million. Monitoring also shows that the address is currently shorting ETH, ZEC, MON, and HYPE, with most profits coming from the ETH short. Unrealized profits have narrowed by about $3 million recently, with current unrealized profit at $6.22 million (194%), position size about $48.05 million, and average price $4,014. Its recently opened 3x leveraged MON short position is about $5.72 million in size, with an unrealized profit of $2.26 million (118%), making it the largest MON short on Hyperliquid.