The top ten positions for ZEC contracts on Hyperliquid are mostly bearish, with the leading whale incurring unrealized losses of 8 million dollars.

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On November 4th, according to monitoring by HyperInsight, among the top ten whales holding ZEC contracts on Hyperliquid, eight with short orders are experiencing unrealized losses, with losses ranging from approximately 15% to 300%. Among them, the top whale (0xd47) has a short order position size of 21 million USD, with an average price of 279 USD, leading to unrealized losses of about 8 million USD (200%). Additionally, monitoring indicates that this address opened a ZEC short order before the flash crash on October 11, which once had unrealized gains exceeding 100%, but has now turned into losses. Furthermore, the largest long positions whale for ZEC contracts (0x549) has a position size of 13.6 million USD, with an average price of 352 USD, resulting in unrealized gains of about 3 million USD (110%).

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