COINOTAG News, citing HyperInsight, notes that the ZEC short on Hyperliquid has been reduced after yesterday’s pivot back into profit. Position size fell from $16.5 million to $9.1 million, with an average price near $389. Funds were redirected into a new MON short, now around $9.2 million, delivering an unrealized gain of about $4.62 million (150%) at an entry of $0.0308. The address previously opened ZEC on Oct 10 at roughly $184, later added to the position; the Oct 17 trough recorded about a $21 million loss and a ZEC exposure peak of $43.2 million. The stance remains to unwind ZEC and STRK shorts.
The ETH short dominates profitability, with exposure near $92.95 million, an average fill of $3,377, and unrealized gains of $13.86 million (224%). As a result, this address stands as the largest short on Hyperliquid across ETH, ZEC, and MON, for a total short exposure approaching $113 million.
Source: https://en.coinotag.com/breakingnews/zec-short-on-hyperliquid-shrinks-as-funds-shift-to-mon-eth-short-tops-with-about-93m-and-224-unrealized-profit
