Hyperliquid's 'ZEC Max Short' Forced Liquidation Event Triggers Additional Margin Calls and Position Recovery, Resulting in a Unrealized Loss of Over $18 Million

BlockBeats News, November 20th, according to Coinbob's Popular Address Monitor report, in the past 24 hours, the largest ZEC short position on Hyperliquid (0xd47) has been gradually liquidating its short position through stop-loss orders, and then using the collateral to add to the position to flatten the losses. Currently, the ZEC short position has an unrealized loss of $18.44 million (222%). Compared to yesterday, the position size is: $35.34 million to $40.93 million; a realized loss of approximately $2.59 million has been recorded; average price: $360 to $384.

This address initiated a short position on ZEC on October 10th, with an entry price of around $184, and has since consistently added to the short position. Recently, it began to close the position with stop-loss orders for the first time, and the current total nominal value of the account is approximately $73.67 million.