🔥 $ZEC — Short Seller on the Edge: $14.5M in Losses and Rising!

A high-stakes showdown is unfolding on Hyperliquid, where one short seller has racked up a staggering $14.5 million loss betting against Zcash ($ZEC) — and astonishingly, still refuses to back down. The trader initially opened massive short positions around $294, but with ZEC now soaring to $586, losses have surged by more than 250%.

What’s even more shocking is the trader’s response. Instead of closing the position and cutting losses, they continue to average down, adding more shorts at nearly the same price levels. As a result, the total position size has now ballooned to $29.26 million, with liquidation risk reaching critical levels. Every upward move in ZEC inches this position closer to a total collapse.

The privacy coin sector has seen a strong rally — up 15% in just 24 hours — drawing massive attention from traders and analysts across the market. Many are now watching this ZEC short like a ticking time bomb, waiting for the potential liquidation event that could send prices skyrocketing even further.

If the forced close triggers, it could spark a massive short squeeze, pushing ZEC into another parabolic breakout. Whether this is part of a complex hedging strategy or simply stubborn overconfidence remains uncertain. But one thing’s for sure — the entire derivatives market is watching this wallet closely, as it feels like a countdown to detonation has already begun.
$ZEC