Interestingly, the leading long player on a certain Hyperliquid platform demonstrated textbook-level operations yesterday. This individual opened a 10x leveraged long position on ZEC at an average price of $446.48, currently holding 22,457.57 tokens, with an account value of $11.5 million.

As ZEC recently surged back above $510, the unrealized profit has already reached $1.48 million. Sounds impressive, right? But this guy also opened a long position on HYPE, and with a reverse operation on that side, his floating loss has already hit $2.3 million. As a result, the entire account is now in a loss—holding a highly profitable ZEC long position, but the losses on HYPE completely offset the gains.

This is the true picture of high-leverage trading: one side is glorious, while the other is bleeding. Interestingly, this major trader’s ZEC long position ranks second on the platform, which shows his strong confidence in ZEC.