ZEC Bull-Bear Showdown Upgraded: "ZEC's Largest Short" adds to floating losses to $20 million, while main long positions have already gained $6.5 million in floating profits

BlockBeats News, December 29 — According to HyperInsight monitoring, as ZEC price has been steadily rising since the 27th (a total increase of about 22%), the Hyperliquid platform’s open interest (OI) in ZEC perpetual contracts has significantly increased. Both the largest on-chain long and short positions have simultaneously increased their bets. The address with the “Largest Short” in ZEC has recently continued to add to its short positions, with holdings rising to $19.84 million, at an average price of $417, currently with an unrealized loss of about $4.51 million (-113%). This address has been actively trading since opening its short position in ZEC in October, previously reducing its short from $16.5 million to $9.1 million on December 17, and has now increased it again. Currently, its total short position has grown from $113 million to $163 million, making it the largest short in platform ETH, ZEC, and MON. Meanwhile, a whale (0x6b2) yesterday significantly increased its 3x leveraged long position at an average price of $520. The current ZEC long position has reached $32.2 million, with an average price of $431, and an unrealized profit of about $6.53 million (60%), making it the largest on-chain ZEC long.