The largest short position on ZEC on Hyperliquid has increased to a $20 million unrealized loss, with an additional $5 million margin added.

BlockBeats News, November 16th, according to HyperInsight monitoring, the largest ZEC short on Hyperliquid has been holding the position for over a month. In the early morning today, an additional 5 million USDC was transferred to the account to increase the margin. The 5x leveraged ZEC short was opened at $360, with the current price of ZEC at $686, the liquidation price at $1084, and the unrealized loss has risen to $20 million. The address started the ZEC short position on October 11th and continued to average down during the uptrend.

This whale also opened a 15x leveraged ETH short, worth $26 million, currently with an unrealized gain of $7 million and an entry price of $4,094.