Data: The maximum short position loss on ZEC on Hyperliquid has risen to 20 million USD, with an additional 5 million USD margin added

According to HyperInsight monitoring, the largest short position on ZEC on Hyperliquid has been held for over a month. Early this morning, it transferred another 5 million USDC to its account to increase margin. The 5x short position entry price for ZEC is $360, with the current ZEC price at $686 and the liquidation price at $1,084, resulting in an unrealized loss of $20 million. This address has been building its ZEC short position since October 11, continuously adding to the position to average down costs during the price increase.

This whale has also opened a 15x short position on ETH, valued at $26 million, currently with an unrealized profit of $7 million, with an entry price of $4,094.