Garrett Jin: Opens $21.7M ZEC Short on Hyperliquid

Garrett Jin entity placed a $21.73 million ZEC short at $418.9 on Hyperliquid, with $4.93 million filled and $16.8 million still pending, positioning to become the platform’s largest ZEC holder once complete.

The same address shows a 1270 BTC long opened at $76,117 now carrying $20.15 million in unrealized losses.

Price action on the 4h chart sits at $413.65 inside the Bollinger band with upper resistance at $427.18 and lower support at $396.13, while EMA50 at $430.28 and EMA200 at $480.88 define the bearish structure; MACD golden cross at -5.92 offers mild bullish momentum against neutral RSI 46.96, suggesting any push toward upper band resistance likely meets selling before a test of EMA50 confluence.