Hyperliquid’s most famous ZEC short on that one finally threw in the towel.
Trader Garrett Jin fully closed the entire short position of 38,000 ZEC, taking a real loss of $35.44 million.
What’s interesting is that he still holds 202,000 ZEC spot—unchanged. In other words, the money used to stop out the shorts has effectively returned to the ZEC long side.
Even a stubborn bear has been forced to close, and you can see just how ruthless this ZEC squeeze from 444 to 1500+ has been.
Trader Garrett Jin fully closed the entire short position of 38,000 ZEC, taking a real loss of $35.44 million.
What’s interesting is that he still holds 202,000 ZEC spot—unchanged. In other words, the money used to stop out the shorts has effectively returned to the ZEC long side.
Even a stubborn bear has been forced to close, and you can see just how ruthless this ZEC squeeze from 444 to 1500+ has been.