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ZEC drops 33.54% over 7 days as significant short liquidations drive gains

ZEC drops 33.54% over 7 days as significant short liquidations drive gains

Bitget-RWA2025/12/02 05:26
By:Bitget-RWA

- ZEC fell 33.54% in 7 days, with a major short position realizing $5M profit on Hyperliquid. - ETH short generated $9.52M floating profit (643% return), while MON short added $1.82M gain. - ZEC short remains top-performing position, generating $15.33M weekly profits amid market volatility. - No ZEC-specific fundamentals identified; price drops attributed to speculative shorting and broader crypto risks.

ZEC Experiences Notable Price Decline and Volatility

On December 2, 2025, ZEC saw its value decrease by 5.31% over a single day, settling at $326.28. Over the past week, the cryptocurrency fell by 33.54%, and over the last month, it dropped 23.89%. However, looking at the yearly performance, ZEC has surged by an impressive 478.82%.

Significant Profits Realized from Major ZEC Short Position

A prominent short position in ZEC on the Hyperliquid platform has shifted from heavy losses to substantial gains, with realized profits exceeding $5 million. Data from Coinbob’s Popular Address Monitor shows that the position was reduced from $23.21 million to $9.88 million, significantly lowering the trader’s exposure. The address still holds an unrealized gain of $2.43 million, reflecting a 125% return on the remaining short.

This trade was initiated on October 10 at an entry price near $184, with additional capital later increasing the average entry to about $419. At its worst, the position faced a floating loss of $21 million and had already locked in $3 million in realized losses before the turnaround.

Multi-Asset Short Strategy Delivers Strong Results

Trading Performance Chart

Among the various trades, ETH has emerged as the most profitable, generating a floating profit of $9.52 million—a 643% return—on a position valued at roughly $22.16 million.

Beyond ZEC, the same address recently opened a 3x leveraged short on MON. This position, currently worth about $6.14 million, has produced a floating profit of $1.82 million (an 89% gain), making it the largest MON short on Hyperliquid.

ZEC Short Ranks Among Platform’s Top Performers

Thanks to ongoing reductions and unrealized gains, the ZEC short has become one of the most successful trades on the exchange, delivering $15.33 million in profits over the past week. The trader’s fortunes have reversed dramatically, with the short position benefiting from ZEC’s recent sharp decline. This highlights how well-timed short strategies can capitalize on market volatility.

While the address maintains significant short positions in several assets, ZEC remains the primary contributor to its recent success. With much of the profit already realized, further gains are possible if ZEC’s price continues to fall in the near future.

Market-Wide Short Activity Mirrors Heightened Volatility

Across the broader market, large traders have seen mixed results—some enjoying substantial unrealized profits, while others face significant losses. Although the ZEC short has been a major winner, other positions, such as ETH and XRP longs, have experienced considerable unrealized losses. This environment underscores the risks and rewards of leveraged trading and the critical importance of managing risk in the crypto sector.

No New Fundamental Drivers for ZEC

Despite the dramatic price swings, there have been no notable on-chain updates or macroeconomic events specifically affecting ZEC. The recent movements appear to be driven mainly by speculative shorting and overall market sentiment, rather than any new project developments or technological changes.

Analysts suggest that continued short liquidations and prevailing bearish trends could keep ZEC under pressure in the short term, though the extent of future price changes will depend on how market conditions evolve.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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