A whale lost approximately $20.17 million shorting the market over 20 days.

TechFlow reports that on September 6, according to monitoring by Onchain Lens, after depositing $10.2 million into Hyperliquid from Crypto.com and Binance two days prior, a whale deposited an additional 4.5 million USDC. Over the past 20 days, this trader has incurred losses of approximately $20.17 million and currently holds an unrealized loss of about $19.62 million on short positions totaling $106.6 million.

The majority of these losses stem from ZEC and HYPE short positions, with ZEC shorts accounting for approximately $14.19 million and HYPE shorts for approximately $5.32 million.