ASTER Bear Tops Hyperliquid Activity: $11.08M 5x Leverage Short With 58% Unrealized Loss as CZ Nemesis Whale Exits ASTER for ETH Long

According to HyperInsight monitoring on November 19, the dominant bear exposure on ASTER at Hyperliquid (contract 0xa31) is a 5x leveraged short with a notional around $11.08 million. The position shows an average entry price near $1.20 and an unrealized loss of roughly $1.33 million, equating to about 58% of notional.

A second notable actor, dubbed ‘CZ Nemesis’ (0x9ee), expanded its ASTER short after CZ‘s purchase on November 2, briefly leading the largest ASTER short holder. The position was closed on November 17 at breakeven, and the trader has pivoted to ETH long exposures, now commanding the largest ETH long position on Hyperliquid.

The flow underscores dynamic risk sentiment around ASTER and ETH positions, with liquidity providers and fund managers adjusting hedges as price action evolves. Readers should monitor updates from HyperInsight for shifts in leverage-driven risk and the prevailing cross-asset stance.