ZEC Price Slides as Auros Global Takes Large Long Position During Sell-Off

ZEC fell sharply on the afternoon of June 5 amid a panic-driven sell-off, with market moves reportedly linked to ongoing discussion around the feasibility of “unlimited issuance.” According to BlockBeats On-chain Detection, Hyperinsight monitoring showed that during the decline, Hyperliquid market maker Auros Global was briefly forced to absorb a large long position. Auros Global currently holds a $10.5 million long position, with unrealized losses at one point widening to $8.5 million (-450%). As of publication, the market-making address associated with Auros Global had total positions of $46.2 million and was providing liquidity across 99 tokens. The address has recently significantly reduced the range of tokens it makes markets in, and its overall position size has also declined. Address: 0x023a3d058020fb76cca98f01b3c48c8938a22355