Largest ZEC Short on Hyperliquid Adds $13M to Positions, Total Shorts Reach $118M

The largest ZEC short position holder on Hyperliquid added roughly $13M in ZEC and ETH shorts on December 12, bringing total short exposure to near $118M, HyperInsight data show. The trader holds ETH shorts worth about $79.53M with $5.49M in unrealized profit at an average entry of $3,470, and ZEC shorts totaling around $24.3M with an unrealized loss of $3.47M at an average of $388. The address first opened ZEC shorts on October 10 at about $184, saw unrealized losses reach $21M by October 17, turned profitable by December 1, and has now returned to a loss-making position.