"ZEC's Largest Short" continuously liquidated HYPE short positions, adding over $4 million in a short period

BlockBeats News, February 4th, according to Hyperinsight monitoring, the “ZEC maximum short” address (0xd475…) continuously covered its HYPE short positions within two minutes, accumulating an additional 119,470.37 HYPE shorts, with a total value of approximately $4,135,400.

This address first increased its holdings by 58,431.91 HYPE (about $2,011,000) at 11:21, then added another 61,038.46 HYPE (about $2,124,500) at 11:23. After these two covering rounds, its total HYPE short position value increased to $11,474,300, but the current floating loss remains around $1,417,400, representing a loss of approximately 61.47%. The average holding price has risen to $29.08, with a liquidation price of $98.65.

This address is known for establishing large-scale short positions on ZEC, having started shorting ZEC at around $184, during which it once experienced an unrealized loss of $21 million, later turning profitable.