ZEC Dips as Hyperliquid Reveals Largest ZEC Short Turning Profit; Whales Expand ETH and MON Short Exposure

COINOTAG News, December 16: ZEC slipped about 5.5% to under $380, per HyperInsight. The largest ZEC short on Hyperliquid moved into a modest profit, with a roughly $16.5 million position, an average entry near $389, and an unrealized gain around $250,000 (8%).

Three whales near a $350 liquidation line show mixed activity: wallet 0x58e fully closed its ZEC short; wallet 0x96e trimmed with about $1 million in losses; wallet 0x535 has not adjusted, with a liquidation threshold near $348. The same principal whale expanded ETH and MON shorts, now anchoring the largest exposure across these assets. ETH exposure tops roughly $92.5 million, averaging around $3,377, delivering an unrealized gain near $14 million (232%).