According to OnchainLens analytics, a whale labeled the “ZEC Largest Short” recently shifted 4 million USDC into HyperLiquid, significantly amplifying short exposure on key cryptocurrencies. This move increased short exposure on Ethereum (ETH) by 15x and on Zcash (ZEC) by 5x.
The entity now holds eight active positions with a combined notional value of approximately $1.488 billion. Among these positions is an Ethereum short valued at roughly $130 million and a ZEC short estimated at around $12 million.
The aggregate unrealized profit and loss (PNL) for this whale exceeds $17 million, while realized gains surpass $38 million. These figures highlight concentrated bearish bets among major crypto participants.
Market observers should closely monitor liquidity flows and risk metrics as cross-exchange activity intensifies. This OnchainLens brief underscores persistent demand for leveraged short strategies within the crypto sector, particularly when backed by stablecoin collateral.
https://bitcoinethereumnews.com/ethereum/eth-short-position-surges-15x-after-whale-moves-4-million-usdc-to-hyperliquid-total-position-value-near-1-49-billion/