On January 8th, ZEC experienced an interesting price movement. The price dropped 6.4% in the short term, hitting a low of $449, before quickly rebounding to around $465.
The most eye-catching operation in this volatility came from a top-tier long whale (0x152) on Hyperliquid. His position went from profit to loss for a moment, but he reacted quickly — decisively averaging down around $459, adding 2,486 ZEC in just 10 minutes, worth $1.14 million. Even more aggressively, over the past 20 hours he has accumulated 9,871 ZEC, pouring $4.54 million into the position. Now this gentleman is holding ZEC long positions with 10x leverage, totaling approximately $12.35 million in notional value, with an average cost of $463.
On the flip side, the shorts are having a tougher time. The so-called "ZEC's largest short" whale is struggling now, with a position size of $17.48 million, an average cost of $419, and unrealized losses already reaching $1.64 million (a 47% drawdown). The key point is this veteran hasn't been adjusting positions much recently and is still holding firm.
Even more dramatic is the "altcoin short army leading force" which surprisingly has been continuously adding short positions over the past few hours, pushing ZEC short positions to $2.08 million and still adding. Both longs and shorts are probing each other — this matchup is far from over.
On January 8th, ZEC experienced an interesting price movement. The price dropped 6.4% in the short term, hitting a low of $449, before quickly rebounding to around $465.
The most eye-catching operation in this volatility came from a top-tier long whale (0x152) on Hyperliquid. His position went from profit to loss for a moment, but he reacted quickly — decisively averaging down around $459, adding 2,486 ZEC in just 10 minutes, worth $1.14 million. Even more aggressively, over the past 20 hours he has accumulated 9,871 ZEC, pouring $4.54 million into the position. Now this gentleman is holding ZEC long positions with 10x leverage, totaling approximately $12.35 million in notional value, with an average cost of $463.
On the flip side, the shorts are having a tougher time. The so-called "ZEC's largest short" whale is struggling now, with a position size of $17.48 million, an average cost of $419, and unrealized losses already reaching $1.64 million (a 47% drawdown). The key point is this veteran hasn't been adjusting positions much recently and is still holding firm.
Even more dramatic is the "altcoin short army leading force" which surprisingly has been continuously adding short positions over the past few hours, pushing ZEC short positions to $2.08 million and still adding. Both longs and shorts are probing each other — this matchup is far from over.