Whale activity on Hyperliquid indicates a major shift, as a top ZEC short has added $5 million in S&P 500 long positions. The 5x leveraged position now totals $61.6 million, with an average entry price of $6,878 and a $1.42 million unrealized profit. On-chain trading signals also show a $4 million reduction in HYPE shorts, though the position still carries a $1.8 million loss.

Huoju Capital reports that, according to Hyperinsight monitoring, the previously largest ZEC bear whale continuously rolled over long positions in the S&P 500 overnight and early this morning, accumulating approximately $5 million in additional longs. Currently, its 5x leveraged S&P 500 long position has increased to $61.6 million at an average price of $6,878, with an unrealized profit of $1.42 million, making it the largest S&P 500 long on Hyperliquid. Meanwhile, the address has simultaneously reduced its HYPE short position by approximately $4 million. Despite a slight decline in HYPE’s price, the short position remains unrealized at a loss of $1.82 million. Address: 0xd47587702a91731dc1089b5db0932cf820151a91