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Market update: HyperInsight on Hyperliquid shows ZEC short exposure trimmed from about $16.5M to $9.1M, with an average entry near $389. Part of the capital shifted into a MON short, now around $9.2M and an unrealized gain of $4.62M (150%).

The same address opened a ZEC short on Oct 10 near $184, later raising the average. The October 17 low hit a roughly $21M loss while ZEC exposure peaked at $43.2M. It is now winding down ZEC and STRK shorts.

Meanwhile, the ETH short remains the primary driver, with about $92.95M exposure, average price near $3,377, and unrealized profit around $13.86M (≈224%). Combined, this address accounts for roughly $113M in short exposure across ETH, ZEC, and MON on Hyperliquid.