ZEC Price Slides as Auros Global Takes Large Long Position During Sell-Off
ZEC fell sharply on the afternoon of June 5 amid a panic-driven sell-off, with market moves reportedly linked to ongoing discussion around the feasibility of “unlimited issuance.” According to BlockBeats On-chain Detection, Hyperinsight monitoring showed that during the decline, Hyperliquid market maker Auros Global was briefly forced to absorb a large long position.
Auros Global currently holds a $10.5 million long position, with unrealized losses at one point widening to $8.5 million (-450%).
As of publication, the market-making address associated with Auros Global had total positions of $46.2 million and was providing liquidity across 99 tokens. The address has recently significantly reduced the range of tokens it makes markets in, and its overall position size has also declined.