Data: The maximum short position loss on Hyperliquid for ZEC has exceeded 22.04 million USD

According to on-chain analyst Ai Yi (@ai_9684xtpa), the largest short position on Hyperliquid for ZEC has incurred an unrealized loss of over 22.04 million dollars. As ZEC once again breaks through 700 dollars, the address holds 60,870.43 ZEC in short positions, suffering heavy losses, which is even after reducing its position. The latest liquidation price is 1,112.45 dollars.

The largest short position for ZEC on Hyperliquid has been holding for over a month. Early yesterday morning, it transferred an additional 5 million USDC to the account to increase margin. This address has been building its ZEC short position since October 11, continuously adding to its position to average down costs during the price increase.