The largest short seller of ZEC on Hyperliquid has reduced its ZEC short positions again, using the funds to open a short position on MON.
PANews reported on December 17th that, according to HyperInsight monitoring, the largest short seller of ZEC on Hyperliquid has been continuously reducing its ZEC short position since turning a profit yesterday. Compared to yesterday, its position size decreased from $16.5 million to $9.1 million, with an average price of $389. Subsequently, some of these funds were used to add to its short position on MON, which currently has a position size of approximately $9.2 million, a floating profit of $4.62 million (150%), and an average price of $0.0308. This address previously opened a short position on ZEC on October 10th at an opening price of approximately $184, and subsequently added to the position to average down the price. Its position had a floating loss of $21 million on October 17th, and its ZEC position size had reached as high as $43.2 million.
As of now, it continues to close out its short positions in ZEC and STRK. Currently, the account's main profit comes from short positions in ETH, with a position size of approximately $92.95 million, an average price of $3,377, and a floating profit of $13.86 million (224%). This address is currently the largest short seller of ETH, ZEC, and MON on Hyperliquid, with a total short position size of approximately $113 million.
You May Also Like
American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight
Why Scalable Blockchain Infrastructure Is Critical for India’s Web3 Revolution?
