Just saw the on-chain data on Hyperliquid, and it blew my mind! The largest short for ZEC closed over 3.6 million dollars in just two hours. From the 12th until now, it has closed out positions totaling over 6 million, leaving a remaining position of 18.2 million dollars, with a floating loss of 560,000—this operation is incredible!
This address is not simple; it is also the largest short for both ETH and MON. The ETH short position has a floating profit of 8.15 million dollars, making a huge profit! Looking back, it started shorting ZEC on October 10th, with an opening price of 184 dollars, and later added to the position to average down. Back in October, the floating loss once surged to 21 million, but now? It has reduced the position, clearly a tactical adjustment.
My judgment has been continuously validated: the movement of large positions is the market's weather vane! The short on ZEC running like this indicates that bearish sentiment may have peaked, enhancing the signal for a short-term rebound; but the ETH short is still making a big profit, and we need to be wary of the volatility brought by profit-taking. On-chain data doesn't lie—this round of positioning, from deep losses to partial exits, definitely reflects smart money reassessing risk.
Trust me, no matter how the crypto market changes, we rely on professionalism to analyze data and keep an eye on news, always staying one step ahead! In the future, continue to closely track these whale movements, and don’t be swayed by emotions. Fans, stay steady; the opportunity is right in front of you! Like and share to catch the rhythm together!
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