「ZEC Whale Short」 Continuously Liquidates HYPE Short Positions, Briefly Increases Holdings by Over $4 Million

BlockBeats News, February 4th, according to Hyperinsight monitoring, the "ZEC largest short" address (0xd475...) consecutively flattened its HYPE short position in two minutes, accumulating an additional 119,470.37 HYPE shorts, with a total value of approximately $4.1354 million.

The address first increased its HYPE holding by 58,431.91 HYPE (approximately $2.011 million) at 11:21 and then further increased by 61,038.46 HYPE (approximately $2.1245 million) at 11:23. After these two rounds of flattening, the total value of its HYPE short position increased to $11.4743 million. However, the current unrealized loss is still approximately $1.4174 million, with a loss percentage of about 61.47%, and the average holding price rose to $29.08.

This address is known for establishing a large-scale short position on ZEC, starting to short ZEC from the $184 price level, experiencing a floating loss of up to $21 million at one point, which later turned into a profit.