Zcash Latest Updates: Ongoing ZEC Shortfall and Popcat Incident Put Pressure on Hyperliquid's Liquidity
- Hyperliquid's ZEC short position, $28M notional, has seen losses shrink to $9.5M as whale adds to bets during price rallies. - Same whale holds $27M ETH short with $5.5M unrealized profit, showcasing cross-asset hedging through leveraged positions. - Popcat (POPCAT) trading loss of $4.9M triggered by meme coin collapse forced manual liquidation, damaging Hyperliquid's reputation. - HYPE token's futures open interest dropped $500M since October, reflecting waning confidence amid infrastructure concerns an
Hyperliquid's
This ZEC short is not the trader's only major position. The same wallet is also holding a 15x leveraged
The ZEC short squeeze has played out against a backdrop of broader difficulties for Hyperliquid. On November 13,
The ongoing ZEC short highlights the ongoing struggle between aggressive bearish trades and overall market forces. While
Hyperliquid's handling of the Popcat situation has added to its challenges.
With the ZEC short still active and the aftermath of the Popcat event ongoing, Hyperliquid's platform is facing a crucial test of its liquidity controls and governance. The mix of leveraged trading, meme coin speculation, and regulatory attention continues to shape the exchange's path in the fast-changing crypto landscape.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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