Garrett Jin closed his entire 38,000 ZEC short on Hyperliquid after nearly three months, taking an estimated $35.44 million realized loss as his market orders briefly pushed Zcash higher. The position was worth roughly $58.5 million when it was closed. Jin covered the short through market orders over approximately 90 minutes, lifting ZEC about 2.7% from $1,490 to $1,530 during the execution window.