ZEC: Hyperliquid Whale Adds $87.5M to Short

Garrett Bullish, the Hyperliquid trader previously liquidated for $230 million, sold 35,000 ETH worth $87.5 million and added the proceeds as margin to his ZEC short, pushing the liquidation level to $4,737.7.

The position now stands at $55.89 million notional with a $30.75 million unrealized loss after an average entry of $665.84; the same address also plans a 3x long of 2,472.96 BTC at $78,000 that would total $192 million if filled.

With price testing upper Bollinger resistance at $1603.86 while RSI(14) flashes overbought at 71.56, a healthy retracement to the 50-EMA support at $1238.68 seems probable before further continuation on the 4h chart.