Hyperliquid whale giants reduce ZEC holdings and shift to MON, ETH short positions with unrealized profit exceeding $13 million

【Block Rhythm】According to on-chain monitoring data, this major short player on Hyperliquid has recently shown new trading activity. The large short position on ZEC, which was initially unprofitable, has started to close gradually after turning profitable. Since yesterday, his ZEC short position has shrunk from $16.5 million to $9.1 million, with an average price of $389. The released funds were not idle; he increased his short position on MON. Currently, the MON short position is about $9.2 million, with a profit of $4.62 million, and a floating profit rate of 150%, at an average price of $0.0308.

Looking into the trading history of this address is even more interesting. He started building a ZEC short position on October 10, with an entry price of only $184, continuously adding to and averaging down. That period was quite brutal—by October 17, the unrealized loss reached $21 million, and the ZEC short position once expanded to $43.2 million.

The current situation is that this player is still clearing out ZEC and STRK shorts, with the real profit coming from ETH shorts. The ETH position size is approximately $92.95 million, with an average price of $3,377, and an unrealized profit of $13.86 million, yielding a 224% return. The entire account is now the largest short on the Hyperliquid platform across ETH, ZEC, and MON, with a total short position of about $113 million.