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Whale significantly rebalances: reduces ZEC holdings and shifts to short LIT, Hyperliquid's holdings near $26 million
【BlockBeats】A seasoned short-term trading address has recently made significant moves again. In the past 3 hours, this long-term focused shorting wallet has sharply reduced its ZEC short positions by 43.3%, equivalent to approximately $713,000. The released funds were not idle; instead, they were used to establish a short position in LIT at around $2.82, currently accumulating 44,100 tokens worth about $125,000, and still adding to the position.
More notably, this address has become the largest short seller of UNI and ASTER on the Hyperliquid platform. Previously maintaining 22 short positions simultaneously, it closed nearly half of its positions in December but has recently begun to deploy new shorting opportunities one after another. As of now, the total holdings of this address have reached approximately $25.72 million.
In terms of trading style, this is a pure short seller. Since the beginning of this month, it has fully closed 10 short positions, especially skilled at finding opportunities amid altcoin volatility. Data shows that its win rate over the past 30 days has reached 80%, with total profits this year amounting to $82.27 million. Such a track record demonstrates its strong market timing ability.
Speaking of a 25.72 million position size, this is the way to quietly make big money. Much better than our free airdrops.
LIT short at 2.82? Is he betting on it to keep falling or just trying to flip and harvest the gains?
This position size is over 25 million USD. Being able to survive this long with a pure short position indicates a strong sense of direction. But I just want to know, how much can this wave of shorting LIT earn? It feels like this coin has been somewhat under the radar recently.
The largest short on Hyperliquid? If this guy reverses his position, the market might experience some turbulence.
He cut half of his 22 short positions and is now gradually opening new ones, which looks like he's searching for new arbitrage opportunities. I understand this logic, but the risks are very real.
Honestly, such players' rebalancing actions are often signals. We need to keep a close eye on them.