BlockBeats News, February 4th, according to Hyperinsight monitoring, the “ZEC Largest Short” address (0xd475…) consecutively flattened its HYPE short position in two minutes, cumulatively increasing its holding by 119,470.37 HYPE, with a total value of approximately $4.1354 million.
The address first increased its HYPE position by 58,431.91 HYPE (approximately $2.011 million) at 11:21, and then again by 61,038.46 HYPE (approximately $2.1245 million) at 11:23. After these two rounds of flattening, its total value of the HYPE short position increased to $11.4743 million, but the current unrealized loss is still approximately $1.4174 million, with a loss percentage of about 61.47%. The average holding price rose to $29.08, with a liquidation price of $98.65.
The address is known for establishing a large short position on ZEC, starting to short ZEC from the $184 price level, once experiencing an unrealized loss of $21 million, before turning it into a profit.
