ETH Tops Hyperliquid’s Largest Short, With a $92.95M Position and $13.86M Unrealized Profit
New content:
Market update: HyperInsight on Hyperliquid shows ZEC short exposure trimmed from about $16.5M to $9.1M, with an average entry near $389. Part of the capital shifted into a MON short, now around $9.2M and an unrealized gain of $4.62M (150%).
The same address opened a ZEC short on Oct 10 near $184, later raising the average. The October 17 low hit a roughly $21M loss while ZEC exposure peaked at $43.2M. It is now winding down ZEC and STRK shorts.
Meanwhile, the ETH short remains the primary driver, with about $92.95M exposure, average price near $3,377, and unrealized profit around $13.86M (≈224%). Combined, this address accounts for roughly $113M in short exposure across ETH, ZEC, and MON on Hyperliquid.
Share News:
ZEC Short on Hyperliquid Shrinks as Funds Shift to MON; ETH Short Tops with About $93M and 224% Unrealized Profit
COINOTAG News, citing HyperInsight, notes that the ZEC short on Hyperliquid has been reduced after yesterday’s pivot back into profit. Position size fell from $16.5 million to $9.1 million, with an average price near $389. Funds were redirected into a new MON short, now around $9.2 million, delivering an unrealized gain of about $4.62 million (150%) at an entry of $0.0308. The address previously opened ZEC on Oct 10 at roughly $184, later added to the position; the Oct 17 trough recorded about a $21 million loss and a ZEC exposure peak of $43.2 million. The stance remains to unwind ZEC and STRK shorts.
The ETH short dominates profitability, with exposure near $92.95 million, an average fill of $3,377, and unrealized gains of $13.86 million (224%). As a result, this address stands as the largest short on Hyperliquid across ETH, ZEC, and MON, for a total short exposure approaching $113 million.
Share News:
「Top ZEC Short on Hyperliquid」 once again reduced their ZEC short position and used the funds to open a MON short position.
BlockBeats News, December 17th, according to HyperInsight monitoring, the ZEC short position of the "Largest ZEC Short on Hyperliquid" has been continuously reducing its position since yesterday's turnaround from a loss to a profit. Compared to yesterday, its position size has decreased from $16.5 million to $9.1 million, with an average price of $389. Subsequently, part of these funds was used to increase the MON short position. Currently, the MON position size is approximately $9.2 million, with an unrealized profit of $4.62 million (150%), and an average price of $0.0308.
This address previously opened a ZEC short position on October 10th at an opening price of around $184 and subsequently added to the position to average up, raising the average price. At its lowest point on October 17th, the position was at a loss of $21 million, with a ZEC position size peaking at $43.2 million.
As of now, it is still in the process of closing ZEC and STRK short positions. The account's main profits currently come from an ETH short position, with a position size of approximately $92.95 million, an average price of $3377, and an unrealized profit of $13.86 million (224%). This address is currently the largest short on Hyperliquid for ETH, ZEC, and MON, with a total short position size of approximately $113 million.
BingX Celebrates Reaching 40M Users in 2025 With Beyond the Alpha Campaign
[Panama City, Dec. 16, 2025] BingX, a leading cryptocurrency exchange and Web3 AI company, has reached a major milestone by surpassing 40 million global users. This achievement marks an extraordinary 100% year-over-year growth, cementing BingXs position as one of the fastest-growing platforms in the industry.
Pioneering Innovation in the Crypto Space
BingX is at the forefront of innovation in the crypto space. The exchange launched a groundbreaking $300 million commitment to AI, making a strong push into an AI-native crypto exchange. This bold move has attracted over 3 million early users who are trading with BingX AI Bingo and BingX AI Master, which provide advanced insights and enhance decision-making.
In addition, BingX has introduced a CeDeFi approach with the launch of BingX Chainspot, a centralized exchange system with decentralized transparency, marking a first in the industry. This hybrid model blends the strengths of centralized exchanges with the security and transparency of decentralized finance (DeFi), offering users enhanced flexibility and trust in their trading environment.
Early Access to the Market and Offerings
BingX has further enhanced its trading offerings with improvements across both spot and futures trading:
Futures trading: BingX ranked among the top 5 global derivatives platforms, offering 24/7 global support and powerful trading features. Key upgrades include a Separate Isolated Margin Mode for more flexible futures trading and integration with TradingView for advanced charting and strategy execution. Additionally, BingX continues to innovate by becoming one of the first exchanges to offer WLFI pre-market futures trading and RWA Index Perpetuals.
Spot trading: The platform has launched a one-stop Spot Listing hub and Listing FastTrack, a faster pathway for innovative projects to be listed. In addition, BingX introduced the Shards Program, an new rewards system that offers users access to exclusive airdrops, trading fee discounts, and VIP privileges, enhancing their engagement with the platform. With over 1,100 trading pairs and integrations with 170 public chain ecosystems, BingX is at the forefront of new token listings, including early access to Monad (MON), Pump.fun XPool, and ZORA.
Copy Trading 2.0: As a pioneer in crypto copy trading, BingXs community has grown to 400,000 traders with a cumulative trading volume of $580 million, and cumulative trading orders of 1.3 billion. The new Copy Trading 2.0 introduced a revamped interface, optimized workflows, and advanced customization features that empower traders by making trading simpler and more user-centric.
Uncompromising Commitment to Security
BingX has always prioritized user security and transparency. The platform has consistently provided publicly accessible, verifiable 100% Proof of Reserves since 2022, reinforcing its commitment to accountability. To further protect users, BingX launched a $150 million Shield Fund and has achieved ISO 27001 certification, meeting the highest security standards in the industry. In addition, BingX has attained PCI DSS v4.0.1 certification for its fiat business, ensuring robust safeguards for both user data and financial transactions.
User-centric Enhancements for the Community
BingXs dedication to its users is exemplified through a series of new community-driven initiatives designed to enhance the trading experience.
VIP Program: The revamped VIP program now offers zero-fee trading and exclusive concierge services, further elevating the platforms appeal to high-volume traders.
BingX Academy 2.0 Upgrades: A major overhaul of BingX Academy has brought a more intuitive interface, expanded resources, and interactive learning tools, helping users navigate the complexities of digital assets with ease.
Strategic Investments in the Future of Web3
BingX has shown continued dedication to the evolution of the Web3 space, with BingX Labs investing $16 million in promising Web3 projects. This commitment underscores BingXs role as a driving force in the future of decentralized technologies. Additionally, BingX is nurturing the next generation of crypto leaders through its TalentX program, empowering young talent to explore career opportunities within the digital asset industry.
Beyond innovation and trading, BingX has maintained its corporate social responsibility efforts, making impactful donations globally, including a donation of $200,000 USD to the One Light, Thousands of Hearts initiative in Vietnam, and a donation of HKD $5 million to the Support Fund for Wang Fuk Court in Tai Po, Hong Kong, following a tragic fire disaster.
Reaching 40 million users is more than just a number, said Vivien Lin, Chief Product Officer of BingX.
It represents the recognition we have received from our users, partners, and the broader crypto community. Every milestone reflects our unwavering commitment to innovation, security, and putting our users first, and it motivates us to continue doing more for our users. We always take a step further, and that is the spirit we hope to demonstrate in our Beyond the Alpha campaign.
To celebrate this significant achievement, BingX is launching its Beyond the Alpha campaign, a celebration of its commitment to engaging with users in innovative and meaningful ways. Running from Dec. 15 to Dec. 26, 2025, the campaign invites users to participate in a lucky draw for a chance to win guaranteed prizes, including a limited-edition BingX Field Barista Kit, trading vouchers, and more. Users can earn additional entries by completing daily tasks such as trading, depositing, and referring to new users.
BingX will also release a first-ever branded music video, showcasing the key achievements and reinforcing its dedication to delivering secure, user-friendly, and responsive products and services.
About BingX
Founded in 2018, BingX is a leading crypto exchange and Web3 AI company, serving a global community of over 40 million users. With a comprehensive suite of AI-powered products and services, including derivatives, spot trading, and copy trading, BingX caters to the evolving needs of users across all experience levels, from beginners to professionals. Committed to building a trustworthy and intelligent trading platform, BingX empowers users with innovative tools designed to enhance performance and confidence. In 2024, BingX became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports sponsorship.
For media inquiries, please contact: media@bingx.comFor more information, please visit: https://bingx.com/
Read the article at BeInCrypto