The old-timer who made 48 million in half a year—this time, his HYPE short position got violently reversed, and the ZEC short king’s high-level shorting strategy finally ran into a real tough opponent.

CryptoWorld News reports that the unrealized loss on the HYPE short position has expanded to $11.8M, with a loss ratio of 141.39%. The average entry price for this short is $54.08, the current price is $75.40, the liquidation price is $101.28, and the position size is $41.74M. This address was previously the largest short position in the ZEC crypto market and has recently favored high-level short setups in the U.S. stock sector, earning over $48 million in profits in the past six months.