Hyperliquid Whale Movements: ZEC Short Stop Loss Shift, ETH Short Earns 1.3 Billion

【Crypto Rhythm】The large trader on Hyperliquid known for short positions has recently taken new actions.

This trader’s ZEC short position, after turning from a loss to a profit, has begun actively reducing the size. Data from December 17 shows that his ZEC short position shrank from $16.5 million to $9.1 million, with an average entry price of $389. Interestingly, he did not close all positions but instead used part of the funds to short MON. Currently, this MON short position is about $9.2 million, with an unrealized profit of $4.62 million — a 150% return.

You have to understand how persistent this trader is. He started shorting ZEC as early as October 10, at an average price of $184. He kept adding to his position to average down, trying to turn the tide. But by October 17, his position was at its worst, with unrealized losses hitting $21 million, and the short position even surged to $43.2 million. So, this time, the ZEC stop-loss and switch to MON are, to some extent, a strategic adjustment.

But his real cash cow is ETH. Currently, his ETH short position is about $92.95 million, with an average price of $3,377, and unrealized profits have accumulated to $13.86 million, a 224% return. Including the gradually closed positions in STRK and ZEC, this account is now the largest short position on Hyperliquid across ETH, ZEC, and MON, with a total short scale reaching $113 million.

From being trapped at $21 million to now maintaining stable profits, this whale exemplifies what it means to say “as long as you’re alive, there’s hope.”