The largest ZEC short on Hyperliquid is $𝟮𝟱.𝟳𝗠 𝘂𝗻𝗱𝗲𝗿𝘄𝗮𝘁𝗲𝗿 after ZEC tripled from $400 to $1,200. The whale opened a 32,760 ZEC short at $444 in early July — now the biggest ZEC short on the platform. The same wallet holds a $𝟭𝟬𝟳𝗠 𝗕𝗧𝗖 𝗹𝗼𝗻𝗴 with $4.42M in unrealized profit but $2.05M paid in funding fees to maintain it. If margin pressure on the ZEC short mounts, the BTC long could be liquidated to cover it. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: A $25.7M unrealized loss on a single ZEC short is a forced-seller signal. If ZEC keeps climbing, margin calls here could trigger a liquidation cascade across both ZEC and BTC. The $107M BTC long adds a cross-asset channel — a ZEC-driven margin call could force selling into BTC, making this a watch-item for both tokens. https://hypurrscan.io/address/0x92ea19eceb7a8de0f50978a1583a5d8b018050e9#perps source: EmberCN Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=2448(Hupzy (Spot On Chain))