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ZEC Long vs Short Showdown Upgrade: "ZEC Whale Short" Increased Losses to $20 Million, Leading Bull Longs Already Profited $6.5 Million
BlockBeats News, December 29th, according to HyperInsight monitoring, with the continuous rise in ZEC price since the 27th (accumulated increase of about 22%), the Hyperliquid platform's ZEC open interest (OI) has significantly increased, and the largest on-chain long and short positions have simultaneously increased their bets.
The "ZEC Largest Short" address has recently continued to add to its short position, with the position size returning to $19.84 million, an average price of $417, currently with a floating loss of about $4.51 million (-113%). This address has been active since October in shorting ZEC, and on December 17th reduced the short position from $16.5 million to $9.1 million, and has now added to it again. Its total short position has now increased from $113 million to $163 million, making it the largest short position holder for the platform's ETH, ZEC, and MON, the three major currencies.
At the same time, a whale (0x6b2) significantly increased its 3x leveraged long position at an average price of $520 yesterday, and its current ZEC long position has reached $32.2 million, with an average price of $431, a floating profit of about $6.53 million (60%), becoming the largest on-chain ZEC long position.
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