Hyperliquid Trader: Loses $30M on ZEC Shorts

Hyperliquid trader at address 0xdd53C5297309130ab5fe5623DC905752E3342b13 booked a $30.04M loss over 30 days, now sitting on $124.59M in shorts with $24.10M unrealized drawdown after booking a $3.41M loss on part of the ZEC short and depositing another $9M USDC in the past 24 hours.

Price action on ZEC shows the asset trading at $1497.81 inside the Bollinger Bands with upper resistance at $1554.36, while RSI(14) at 79.29 flashes overbought and MACD confirms bullish momentum via golden cross at 89.92; with price testing upper Bollinger resistance while RSI signals exhaustion, a healthy retracement to the 50-EMA support at $1217.97 seems probable before further continuation, directly pressuring the oversized short position and shaping near-term ZEC price prediction scenarios amid broader crypto market crash fears.