2025-12-26 01:26:36

On-chain data shows that on December 26th, the famous "ZEC Short King" made a new move. This big whale injected 4 million USDC into the HyperLiquid platform, then quickly increased short positions in Ethereum and ZEC—ETH shorts with 15x leverage and ZEC shorts with 5x leverage.

Currently, this whale account holds 8 positions, with a total market value approaching $148.8 million. Ethereum shorts make up the majority, valued at $130 million, while ZEC shorts are worth $12 million. Interestingly, these positions are currently floating with a profit of over $17 million, and the total historical gains of the entire account have exceeded $38 million. Judging by this stance, this major investor is quite firm in their bearish outlook for the market.

ZEC1,28%

ETH-0,73%

USDC0,01%

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NotFinancialAdvice

· 1h ago

This whale is really ruthless, smashing 148.8 million just to short ETH? How bold do you have to be. --- 15x leverage short on ETH... this guy is really betting on a bear market coming. --- A floating profit of 17 million is already very comfortable, and the courage to keep adding positions is incredible. --- Why are there still people stubbornly fighting over ZEC? They really rush in at the smell of blood. --- 38 million in historical gains, this is a serious short seller, not just playing around. --- 4 million USDC thrown in, covering 8 positions, this move is a bit crazy. --- Just want to ask, with a 130 million USD ETH short, does this guy sleep well at night? --- Added to the position again? Looks like he really believes it will fall later, this bet is pretty hardcore.

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ShibaMillionairen't

· 1h ago

Coming to dump again? This guy really treats shorting as a profession, with 170 million in unrealized gains and still adding positions—truly bold. --- 15x leverage to crush ETH, is this aiming to bet the whole life savings? --- Oh my, 38 million in historical gains—I'll need to mine coins until the Year of the Monkey to catch up. --- This ZEC coin is being watched closely; it seems this whale really doesn't believe it will rise. --- Putting in 4 million and directly increasing leverage—if that's not a gambler, what is? But looking at the returns, he's definitely making money. --- Wait, spreading out 8 positions so evenly—are they hedging risks or just being greedy? --- Such a firm bearish outlook for the future... why are so many still buying in? I just don't get it. --- 130 million in ETH short positions—are they betting on the Fed cutting rates or truly believing a bear market is coming?

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BearWhisperGod

· 13h ago

This whale is really ruthless, going all-in with 15x leverage. I don't have the guts for that, haha.

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RiddleMaster

· 13h ago

This whale is really all-in on a bearish position this time, throwing 130 million into ETH short positions... Quite a bold move.

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TokenomicsDetective

· 14h ago

This whale really just got lucky, what does the 17 million floating profit indicate... The king of bears continues to attack, is ETH about to drop through? Oh my god, 15x leverage, this guy really dares to do it, where is his stop loss set? Looking at the data, it seems he's betting heavily, 38 million in historical gains... he's serious. No, ZEC is also going to crash? What exactly are they betting on?

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TestnetNomad

· 14h ago

This whale is really ruthless, still leveraging to short ETH... betting on this drop to make a huge profit

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