Hyperliquid The whale still holds approximately 11670000 USD ZEC short positions and reduced its position by approximately 24 over the past hours 3990000 USD
BIBIBI
AT A GLANCE
Hyperliquid A whale holds approximately 11670000 USD ZEC short positions, with unrealized profits of approximately 1490000 USD。
Article
🔍 On-chain Detective | A whale shorts at a scale of tens of millions ZEC, with unrealized profits of 1500000 USD According to BlockBeats,October 9, according to TradingBeats monitoring, as of October 9 morning,Hyperliquid whale address 0x880a…311c holds approximately 9563 ZEC short positions, valued at approximately 11670000 USD, using 10 x leverage, with an average entry price of approximately 1376.6 USD, and current unrealized profits of approximately 1490000 USD, for a position return of approximately 113.4%.
Over the past 24 hours, this address reduced 14 short positions in ZEC transactions, with cumulative reductions of approximately 3990000 USD, and currently retains a short position worth approximately tens of millions in USD.
Currently, the ZEC contract mark price is approximately 1220.5 USD, approximately 11.3%below this address's average entry price.
Original link https://m.theblockbeats.info/flash/370935
Key points
01
According to TradingBeats monitoring, as of October 9 morning,Hyperliquid address 0x880a…311c holds approximately 9563 ZEC short positions.
02
The position is valued at approximately 11670000 USD, using 10 x leverage, with an average entry price of approximately 1376.6 USD。
03
Current unrealized profits are approximately 1490000 USD, with a position return of approximately 113.4%。
04
Over the past 24 hours, this address reduced 14 short positions in ZEC transactions, with cumulative reductions of approximately 3990000 USD。
05
Currently, the ZEC contract mark price is approximately 1220.5 USD, approximately below the average entry price 11.3%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short selling involves selling an asset first and buying it back for a profit if the price subsequently falls. The data shows that the address still retains a short position worth approximately tens of millions in USD of ZEC.
Why it matters to readers
The position is sizable and may affect market sentiment; however, changes in a single address's position do not represent the overall market direction.
This indicates that high-leverage trading may generate substantial returns while also carrying high risk.
Risks and unknowns
The information is based on TradingBeats monitoring as relayed by BlockBeats and does not provide independent on-chain or exchange evidence.
The accuracy of the position data and subsequent position closures cannot be confirmed based on this information alone.
It is not possible to determine ZEC the overall market trend on this basis.
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Related concepts
Short Selling
A trader establishes a corresponding-direction contract position in anticipation of the underlying asset’s price falling.
