As reported by Chainthink, on December 29, HyperInsight data shows that ZEC’s price has risen by approximately 22% since December 27, leading to a significant increase in open interest (OI) on Hyperliquid. The largest ZEC short position, held by an address, has been increased to $19.84 million, with an average price of $417 and a current floating loss of $4.51 million (-113%). This address has been actively adjusting its short positions since October, including a reduction in December. Meanwhile, a whale (0x6b2) added a 3x leveraged long position at an average price of $520, bringing its total long position to $32.2 million, with a floating profit of $6.53 million (60%), making it the largest ZEC long position on-chain.
ZEC Long-Short Battle Intensifies: Largest Short Position Increases to $19.84 Million, Longs Hold $6.53 Million Floating Profit
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Summary
ZEC’s position trading sees a sharp imbalance as the largest short position climbs to $19.84 million, with a floating loss of $4.51 million (-113%) at an average price of $417. A whale (0x6b2) holds the largest long at $32.2 million, with a 60% profit of $6.53 million. ZEC’s price has risen 22% since December 27, boosting open interest on Hyperliquid. Traders are closely watching the risk-to-reward ratio as both sides adjust positions.
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