COINOTAG News notes, per HyperInsight, that the ZEC short on Hyperliquid nears its average entry as buyers push spot higher. In the last hour, the address added roughly $1.72 million to its ZEC short exposure, lifting total to $14.1 million. Unrealized P&L has narrowed from > $3.3 million to about $0.3 million, with the entry set near $412.
Wallet previously initiated a ZEC short on October 10 near $184, then added to flatten it, lifting the average to $419. Floating loss peaked at $21 million on October 17. Current posture includes shorts on ETH, ZEC, MON, and HYPE, with ETH leading gains and unrealized profit around $6.22 million (194%), on a book near $48.05 million at $4,014.
MON short opened with $5.72 million notional on 3x leverage, yielding $2.26 million unrealized profit (118%). This is the largest MON short on Hyperliquid in this session, signaling capital rotation across alt-coin clusters.
Source: https://en.coinotag.com/breakingnews/zec-short-near-average-price-as-largest-zec-short-on-hyperliquid-reaches-14-1m-position
