The largest ASTER short position on Hyperliquid faces increasing unrealized losses; the trader previously bought ASTER from CZ before opening a large short.

BlockBeats News, November 19, according to HyperInsight monitoring, the largest ASTER short position (0xa31) on Hyperliquid currently holds a 5x leveraged ASTER short worth approximately $11.08 million at an average price of $1.2, with an unrealized loss of $1.33 million (58%).

According to further monitoring, another whale (0x9ee), previously reported multiple times as the "CZ counterparty," significantly increased its ASTER short position after CZ bought ASTER on November 2, becoming the largest ASTER short holder at that time. However, this whale closed its $44 million ASTER short position at breakeven on the 17th and has now switched to trading ETH long positions, currently being the largest ETH long holder on Hyperliquid.