According to Hyperinsight monitoring, ZEC has been continuously correcting from its high today, with a cumulative intraday decline of 8.5%, briefly dipping to $620. This correction triggered a series of liquidations on Hyperliquid for a large whale’s long position, resulting in approximately $1.48 million in forced liquidations. This address repeatedly entered long positions with high leverage during ZEC’s decline, accumulating longs up to around $649 (when ZEC had corrected approximately 4.56% from its peak), totaling 2,403 ZEC. However, the price failed to stabilize at these entry levels and continued downward, breaching the liquidation threshold and resulting in a loss of approximately $86,000.
ZEC Drops 8.5% as Hyperliquid Whale's Long Position Is Liquidated for $1.48M
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Summary
Whale activity on Hyperliquid triggered a sharp drop in ZEC as a large long position was liquidated for $1.48 million. ZEC fell 8.5%, reaching $620. The whale had purchased 2,403 ZEC at $649, but additional whale movements and price declines resulted in an $86,000 loss.
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