ZEC Short Near Average Price as Largest ZEC Short on Hyperliquid Reaches $14.1M Position

COINOTAG News, December 5, via HyperInsight, notes a sustained ZEC rally and that the ZEC short on Hyperliquid is nearing its average entry price, the platform’s largest ZEC exposure.

Over the last hour, the ZEC short rose by about $1.72 million to roughly $14.1 million, while unrealized profit shrank from over $3.3 million to about $0.3 million; average price sits near $412.

The position originated on October 10 near $184 and was increased to flatten exposure, lifting the average price to $419; on October 17, floating loss peaked around $21 million.

Current monitoring shows shorts across ETH, ZEC, MON, and HYPE, with the largest contribution from the ETH short. The unrealized profit on ETH stands at $6.22 million (194%), on a $48.05 million position at $4,014.

Additionally, a 3x leveraged MON short with about $5.72 million carries an unrealized profit of $2.26 million (118%), marking Hyperliquid’s largest MON short entry.