[Largest ZEC Short Position on Hyperliquid Adds to Position, Unrealized Profit Shrinks by $3 Million]
On December 5, driven by the continued rise of ZEC, the largest short position on Hyperliquid saw its short orders briefly approach the average entry price. Over the past hour, approximately $1.72 million was added to the position, bringing the current position size to around $14.1 million. Unrealized profit has narrowed from over $3.3 million yesterday to $300,000, with the average price adjusted to $412. This address began shorting ZEC on October 10 at an entry price of approximately $184, later averaging up to $419 through additional positions. On October 17, the unrealized loss peaked at $21 million.
Additionally, this address is simultaneously shorting ETH, ZEC, MON, and HYPE, with the primary profit coming from the ETH short position. The current unrealized profit stands at $6.22 million (194%), with a position size of approximately $48.05 million and an average price of $4,014. Its 3x leveraged MON short position has a size of approximately $5.72 million, with unrealized profit of $2.26 million (118%), making it the largest MON short position on Hyperliquid.