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ZEC rises 6.32% in 24 hours as Hyperliquid holds a $19.35M long position

ZEC rises 6.32% in 24 hours as Hyperliquid holds a $19.35M long position

Bitget-RWA2025/11/23 01:46
By:Bitget-RWA

- ZEC surged 6.32% in 24 hours to $538.2 on Nov 22, 2025, despite a 9.7% weekly drop, with 36.25% monthly and 879.76% annual gains. - A $19.35M ZEC long position on Hyperliquid (5x leverage) shows $3.5M unrealized gains, highlighting institutional bullishness amid price volatility. - The leveraged position underscores amplified risks/rewards, with narrowing gains signaling market uncertainty and the need for cautious monitoring of macroeconomic/on-chain trends.

As of NOV 22 2025,

climbed 6.32% over the past day, reaching $538.2, even after a 9.7% decline in the previous week. In the last month, the asset has appreciated by 36.25%, and over the past year, it has soared by 879.76%. This latest rally coincides with a notable long position on the Hyperliquid exchange, drawing attention within the crypto derivatives sector.

Largest ZEC Long Position on Hyperliquid

Data from HyperInsight reveals that the most significant ZEC long on Hyperliquid is currently open with 5x leverage. This position totals $19.35 million in ZEC, entered at an average price of $419.23 per token. As of NOV 22 2025, the position holds an unrealized profit of $3.5 million. Although the trade has generated considerable returns since its inception, recent price swings have reduced these gains. The use of leverage in this position increases both the potential for profit and the risk of loss, making it a focal point for market observers.

ZEC rises 6.32% in 24 hours as Hyperliquid holds a $19.35M long position image 0
The unrealized profit, though substantial, is only realized if the position is closed. The recent contraction in this gain highlights the asset’s volatility in recent trading sessions. With leverage in play, even minor price shifts in ZEC can significantly impact the position’s value.

On-Chain Positioning and Market Sentiment

The presence of a large, profitable long position suggests that institutional or wealthy traders have shown strong bullish sentiment toward ZEC in the past few weeks. The entry price of $419.23 is well below the current market value, indicating that the trade has benefited from a favorable price movement since it was established. This may reflect optimism about the asset’s long-term outlook, despite the recent weekly setback.

The fact that the trade is leveraged fivefold underscores the heightened risk involved. Should ZEC’s price reverse soon, losses could accumulate rapidly. Nevertheless, the current unrealized profit shows the position remains in the black, and the trader has not needed to inject more margin to keep the trade open.

Although ZEC’s 24-hour price action is positive, the broader weekly trend shows a retracement, presenting a mixed scenario for both traders and investors. The significant long position on Hyperliquid is one indicator of strong bullish conviction, but it does not ensure that the upward trend will persist.

The shrinking unrealized profit also serves as a caution that market dynamics can change swiftly, particularly in leveraged derivatives trading. Therefore, traders should exercise vigilance and keep an eye on both macroeconomic trends and on-chain data for further insights into ZEC’s possible direction.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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