$ZEC The big ZEC bulls have taken a beating over the past couple of days.
According to Lookonchain, there are 32 addresses on Hyperliquid holding ZEC long positions worth over $1 million. Of those, 27 are sitting on unrealized losses, totaling around $23.74 million. The 32 addresses have a weighted average entry price of $1,127.26, while ZEC is trading around $984 on Binance spot.
The biggest loser is 0xc36a, holding a long position of around 13,500 ZEC at an average price of $1,229.96. Its unrealized loss is about $3.27 million, with a liquidation price of $894.23.
Another trader, 0x8742, is long 18,000 ZEC with 10x leverage. The position is worth around $17.63 million, and the unrealized loss exceeds $2.8 million. Its estimated liquidation price is $895.46. At current prices, both positions are only about 9% away from liquidation.
Some have already been liquidated. Lookonchain said that all 567 ZEC in address 0x8f74's long position were liquidated, resulting in a loss of around $112,500. Another address, 0xb200, was liquidated three times within 24 hours.
Meanwhile, a major player elsewhere is moving funds around. PANews cited on-chain analyst Ember's monitoring: after closing its ETH long position, the “1011 short-selling insider whale” withdrew 5.2 million USDC in margin from Hyperliquid and deposited all 41.2 million USDC remaining in its address into Binance.
A coin like ZEC can move 20% in a day. With 10x leverage, that puts your liquidation price within reach of a single big red candle. You can be bullish, but leave the position enough room to go haywire.
#ZEC #Whale
This is not investment advice. Manage your own positions.
According to Lookonchain, there are 32 addresses on Hyperliquid holding ZEC long positions worth over $1 million. Of those, 27 are sitting on unrealized losses, totaling around $23.74 million. The 32 addresses have a weighted average entry price of $1,127.26, while ZEC is trading around $984 on Binance spot.
The biggest loser is 0xc36a, holding a long position of around 13,500 ZEC at an average price of $1,229.96. Its unrealized loss is about $3.27 million, with a liquidation price of $894.23.
Another trader, 0x8742, is long 18,000 ZEC with 10x leverage. The position is worth around $17.63 million, and the unrealized loss exceeds $2.8 million. Its estimated liquidation price is $895.46. At current prices, both positions are only about 9% away from liquidation.
Some have already been liquidated. Lookonchain said that all 567 ZEC in address 0x8f74's long position were liquidated, resulting in a loss of around $112,500. Another address, 0xb200, was liquidated three times within 24 hours.
Meanwhile, a major player elsewhere is moving funds around. PANews cited on-chain analyst Ember's monitoring: after closing its ETH long position, the “1011 short-selling insider whale” withdrew 5.2 million USDC in margin from Hyperliquid and deposited all 41.2 million USDC remaining in its address into Binance.
A coin like ZEC can move 20% in a day. With 10x leverage, that puts your liquidation price within reach of a single big red candle. You can be bullish, but leave the position enough room to go haywire.
#ZEC #Whale
This is not investment advice. Manage your own positions.
