●Large Hyperliquid long position faces ~$1.9M in unrealized losses
●Whale continues to hold despite significant drawdown
Zcash (ZEC) price has fallen below the $500 mark, causing significant strain on leveraged long positions. On-chain analysts highlighted a specific large position on Hyperliquid holding over 20,000 ZEC.
The position, opened at an average price of around $574, is reportedly facing unrealized losses exceeding $1.9 million as the price dipped.