ZEC Price Drops 6.4% as Top Long and Short Whales Adjust Positions

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ZEC price action experienced a 6.4% decline to $449 on January 8 before recovering to $465. The top Hyperliquid long whale (0x152) added 2,486 ZEC ($1.14 million) at $459 following a profit-to-loss swing. Over 20 hours, it accumulated 9,871 ZEC ($4.54 million) in long positions, now holding a 10x leveraged $12.35 million position with an average entry price of $463. The top short whale remains in a $1.64 million (47%) floating loss on a $17.48 million short position with an average entry price of $419. The "山寨空军车头" has increased ZEC short positions to $2.08 million and continues to add to its position. Long-term investment strategies are being tested amid the sharp price volatility.

BlockBeats News, January 8, according to... Coinbob Hot Address Monitoring It showed that the ZEC price briefly dropped 6.4%, hitting a low of $449 before rebounding to around $465. During this fluctuation, the largest ZEC long whale on Hyperliquid (0x152) initially saw its position turn from profit to loss, but then decisively added to its position near $459, increasing its long position by 2,486 ZEC (approximately $1.14 million) within 10 minutes. Over the past 20 hours, the whale has accumulated a total of 9,871 ZEC in long positions (approximately $4.54 million). Currently, the whale holds a 10x leveraged ZEC long position with a total size of about $12.35 million, at an average price of $463.


According to Coinbob's monitoring, the "largest ZEC short whale" is still in a floating loss position. Recently, the whale has not adjusted its ZEC short positions. The current position size is approximately $17.48 million, with an average short price of $419 and a floating loss of $1.64 million (47%). Meanwhile, the "leader of altcoin shorting" has continuously increased ZEC short positions in the past few hours, raising the ZEC short position size to $2.08 million and continuing to add to the position.

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