Large positions in privacy-focused assets in the cryptocurrency derivatives market are under significant pressure. According to Coinbob’s tracking of popular addresses, the address holding the largest whale position on Hyperliquid is Zcash ($ZEC), Monero ($XMR), dash ($dash)—currently facing a large amount of unrealized losses.
Nevertheless, these whales have not yet chosen to close their positions or exit the market.
The most significant losses were seen on the largest long positions. $ZEC. Account 0xcf9 holds a long position of approximately $5.03 million. $ZEC With 10x leverage. With an average entry price of $574, the unrealized loss amounted to $6.68 million, a loss of approximately 294% and more than the principal. The liquidation price for the position is reportedly around $142.
Account 0xc17 holds the largest long position. $XMRyou will see a relatively balanced image. At 3x leverage, the investor has a position of $3.29 million and the average cost is $384. We currently have unrealized losses of approximately $350,000, or approximately 32%. It is also stated that the same account holds long positions. $ZEC Recently, we have increased our positions in both fields. $ZEC and $XMR To reduce costs.
in $dash For comparison, account 0xd47 holds a long position of $1.63 million with 5x leverage. This position, opened at an average cost of $64, resulted in an unrealized loss of $1.34 million, representing a loss of approximately 414%. This account was previously reported to have held the largest short position. $ZEC At that time, we also suffered a large loss.
*This is not investment advice.
