#zec From $1,278, the price plunged to $1,134. It is down 11% in 24 hours, with a current market cap of $19.3 billion, ranking 11th. This massive bearish candle has thrown many bulls off their rhythm.
Total liquidations across the market over the past 24 hours were about $13.61 million. **88% were long liquidations, and 90% were concentrated in the past 12 hours**.
A certain whale spent $31.78 million over 4 days to buy 25,002 ZEC, with an average entry price of $1,271; meanwhile, they opened a 18,910-ZEC long position on Hyperliquid at an entry price of $1,378.
In the early hours of November 3, the price broke below $1,200 and triggered the stop-loss: the entire contract long position was closed, resulting in a loss of $2.58 million. Based on a cost of $1,271 and the current price of $1,134, the spot holdings have an unrealized loss of $3.26 million. The combined spot and contract losses total $5.84 million, evaporating rapidly in just four days.
The most contradictory signal in the market right now is this: prices keep falling and longs are getting liquidated one after another, yet the share of long accounts is actually rising.
The 24h ZEC long ratio rose from 53.7% to 58.8%; the funding rate is +0.0097%, meaning longs are still paying to hold their positions.
Even after two rounds of bloodshed, longs have yet to lose their appetite for buying the dip.
These ZEC liquidation figures send a clear signal: this isn’t a slow bleed, but a concentrated liquidation of longs.