Anonymous Whale Closes $24.43M ZEC Short Position, Incurs $10.68M Loss

An anonymous whale address (starting with 0x362) active on decentralized perpetual exchange HYPE has closed a $24.43 million ZEC short position approximately one hour ago, confirming a $10.68 million loss, according to on-chain analyst AmberCN. The whale had established the ZEC short position roughly two weeks prior, and with a liquidation price of $1,551, AmberCN analyzed that the decision to close the position was unavoidable. They noted, "This trader had been consistently profitable, achieving a 79% win rate and accumulating $9.11 million in trading profits since June. However, they misjudged ZEC's direction, losing all principal and gains in one move." As of the current Binance USDT market, ZEC is trading up 8.6% at $1,577.