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Hyperliquid uncovers $25.56 million ZEC short position, with unrealized losses exceeding $10 million

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【Block Rhythm】A remarkably large short position has appeared on the Hyperliquid platform. Currently topping the contract holdings chart, someone has opened a 5x leveraged short on ZEC, with a position of 50,370.45 coins, roughly totaling $25.56 million at current prices.

This position is currently showing significant unrealized losses, with a floating loss of about $10.8 million. The average entry price is around $293.03, while the liquidation price is set at $712.68—meaning if ZEC rises to this level, the large holder will be forcibly liquidated.

Such a sizable opposite position suggests either extreme bearishness on ZEC’s future or some form of hedging strategy. Regardless, this position size and floating loss are worth keeping an eye on.

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Anon4461vip
· 8h ago
Which warrior dares to be this fierce?
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BtcDailyResearchervip
· 8h ago
I've eaten so much gossip I’m stuffed.
View OriginalReply0
TokenVelocityvip
· 8h ago
Just lying down and watching the show.
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ForumMiningMastervip
· 8h ago
Hehe, take a chance and turn OCN into a motorcycle.
View OriginalReply0
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