"Precise positioning of ZEC" giant whale short-term liquidation, selling 16,000 ZEC, turning the account profit into loss

BlockBeats News, November 11 — According to Coinbob’s popular address monitoring, due to the continuous decline in ZEC prices today, over the past 9 hours, the “Precise ZEC Positioning” whale (0x96e) has been gradually reducing its ZEC holdings after ZEC broke below its average purchase price, cutting over 30,000 ZEC at a loss of approximately $960,000. Its remaining position is currently floating at a loss of $950,000 (46%), with a liquidation price of $420. The position size has decreased from $37.01 million yesterday to $10.37 million. Since November 3, this address has deposited $2.21 million into Hyperliquid, then opened a 5x leveraged long ZEC position and continued rolling over the position. Its principal once exceeded $10.5 million, making it the largest long position on ZEC in Hyperliquid before reducing. Additionally, monitoring shows that the largest short ZEC contract on Hyperliquid (0xd47) has been continuously adding to its position to hedge ZEC. Its unrealized loss has narrowed from $19.9 million to $10.87 million, with an average entry price of $336 and a position size of approximately $30.64 million, with no positions closed yet.