Hyperliquid Whale Faces $23.57 Million Unrealized Loss on ZEC Short Position

As ZEC climbs to become the tenth-largest cryptocurrency by market capitalization, a major trader identified as Garrett Bullish—previously known for a $230 million liquidation—is facing a $23.57 million unrealized loss on a Hyperliquid short position. The trader holds a 2x short position on 32,759.57 ZEC with an entry price of $444 and a liquidation price of $2,566. Additionally, the same account holds a long position in 1,331.88 BTC, which is currently showing an unrealized profit of approximately $3.6 million.