A Hyperliquid address has incurred an unrealized loss of $1.18 million from a 10x leveraged short position on ZEC, according to Bitjie. The position, opened 16 hours ago, involves 31,015.92 ZEC valued at approximately $21.43 million. This marks the second-largest ZEC short position on the platform. In addition to the ZEC position, the address holds significant short positions in BTC and XRP, valued at $149 million and $27.83 million respectively. The total value of the address's short positions amounts to $198 million, with cumulative unrealized losses reaching $1.22 million.