COINOTAG News, December 1, citing Coinbob Popular Address Monitoring, reports that in the last two hours the largest ZEC short on Hyperliquid has flipped from a loss to a profit, with ongoing exits and profit-taking on ZEC and APT positions totaling roughly $200,000.
The current ZEC short position sits near $23.21 million, down from roughly $30 million a week earlier, with an unrealized profit of about $2.11 million (≈45%) at an average entry price of $419. The same address also holds short stakes in ETH, MON, and HYPE, totaling an unrealized profit near $15 million. Opened on October 10 around $184, it added to the short and weathered a peak floating loss of up to $21 million on October 17. Today, the position is profitable and stands as the largest ZEC and MON short exposure on Hyperliquid.
Source: https://en.coinotag.com/breakingnews/zec-short-on-hyperliquid-turns-profit-as-largest-zec-short-holder-closes-zec-and-apt-positions
