ME News reports that on September 4 (UTC+8), according to TradingBeats monitoring, ZEC traded at approximately $1,011.90, rising about 21.7% in 24 hours, with an intraday high of $1,031.10. As the $1,000 key level was breached, the first batch of short positions with liquidation thresholds near this round number were forcibly closed. Between 16:53 and 16:54, three addresses—0xec0, 0x9663, and 0x7b12—were liquidated for a total of 3,213.05 ZEC short positions, amounting to approximately $3.27 million, resulting in combined confirmed losses of about $204,700. Of these, 0xec0’s 1,563.99 short positions were first liquidated by the system in two tranches at an average execution price of approximately $1,015.72, covering a value of about $1.589 million. Subsequently, 0x9663 and 0x7b12 were liquidated for approximately $944,500 and $736,800 respectively. However, two large holders now face heightened pressure: Addresses 0x9311 and 0xf206 currently hold a combined ZEC short position of approximately $6.77 million, with unrealized losses of about $808,000. Their estimated liquidation prices are $1,041.32 and $1,043.99 respectively. Based on the previous high of $1,031.10, both were only about $10 to $13—less than 1.3%—away from their liquidation thresholds. Notably, 0x9311 did not reduce its position during the rally; instead, it recently added another 773.04 ZEC shorts at $969.36, increasing its total short position to 3,773.08 ZEC worth approximately $3.818 million. Its liquidation price thus dropped from around $1,071.80 to $1,041.32. Meanwhile, 0xf206 continues to hold 2,916.22 ZEC shorts valued at approximately $2.951 million, with a liquidation price of $1,043.99. (Source: BlockBeats)
ZEC Surpasses $1,000, Triggering $3.27M in Short Liquidations
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Summary
On September 4 (UTC+8), ZEC surged past $1,000, reaching $1,031.1 amid a bullish shift in the Fear & Greed Index. TradingBeats reported that three major addresses—0xec0, 0x9663, and 0x7b12—were liquidated on short positions totaling 3,213.05 ZEC, resulting in $3.27 million in losses. Two other large short holders—0x9311 and 0xf206—still maintain short positions worth $6.77 million in ZEC, with liquidation triggers at $1,041.32 and $1,043.99, respectively. This movement has positioned ZEC among the top altcoins to watch.
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