A whale on Hyperliquid is sitting on a large short position in ZEC, according to monitoring data cited by BlockBeats. As of the morning of Oct. 9, the address 0x880a…311c was holding roughly 9,563 ZEC in short positions with a notional value of about $11.67 million. The position was opened with 10x leverage at an average entry price of around $1,376.6.
With the ZEC perpetual mark price at about $1,220.5, the address was showing an unrealized profit of roughly $1.49 million. The reported return on the position stood near 113.4%. The mark price was also about 11.3% below the address’s average entry level.
TradingBeats data also showed that the whale reduced part of the ZEC short over the past 24 hours. The address trimmed the position in 14 separate transactions, cutting about $3.99 million in total while still keeping a short exposure worth around $10 million.
A Hyperliquid whale address is holding a large ZEC short that was worth about $11.67 million as of the morning of Oct. 9, according to TradingBeats monitoring cited by BlockBeats. The address, 0x880a…311c, was reported to hold roughly 9,563 ZEC in short positions, using 10x leverage with an average entry price of about $1,376.6.
At a current ZEC contract mark price of around $1,220.5, the position was showing about $1.49 million in unrealized profit. The reported return on the position was about 113.4%. The mark price was roughly 11.3% below the address’s average entry price.
TradingBeats data also showed that the address reduced its ZEC short over the past 24 hours through 14 separate transactions. The cumulative reduction amounted to about $3.99 million, while the whale still retained a short position worth around $10 million.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
