Trader Loracle Liquidates Position, Flattens ZEC Long, Forced to Become Top ZEC Holder with $10.8 Million Scale
On June 5, per monitoring by Hyperinsight, during ZEC’s flash crash, prominent Hyperliquid trader Loracle’s long position racked up growing unrealized losses. Faced with the market downturn, this address continuously added to its position counter to the trend, snapped up large volumes of sell-side liquidity, and actively bought the dip, bringing its average entry cost down from over $500 to $354, with the lowest purchase price hitting nearly $250.
Via this averaging down strategy, the total position size has ballooned to $10.8 million, with 34,800 ZEC long contracts held – making it the largest ZEC bull on Hyperliquid by default. As of press time, unrealized losses on this long position stand at $1.6 million (a 130% drawdown) and continue to widen.
Additionally, the address currently holds long positions in multiple tokens including HYPE, ZEC, and WLD, boasting a combined long position value of $34.6 million and $4 million in total unrealized losses.
Address: 0x8def9f50456c6c4e37fa5
7 minutes ago
The entire network's ZEC perpetual contract experienced a $107 million liquidation in a 24-hour period, leading to a more than 38% decrease in open interest.
As of June 5, data from Coinglass shows total liquidations of ZEC contracts across all crypto networks hit $107 million in the past 24 hours. Of that figure, $76.59 million in long positions and $29.98 million in short positions were liquidated—placing ZEC’s liquidation volume just behind only Bitcoin (BTC) and Ethereum (ETH) among major cryptocurrencies.
In the same 24-hour period, ZEC contract trading volume surged 89.28% to $11.55 billion, while open interest dropped 38.56% to $836 million.
7 minutes ago
Bitcoin Surges Above $63,000
On June 5, per HTX market data, Bitcoin has rebounded above $63,000, currently trading at $63,070, down 0.84% over the past 24 hours.
7 minutes ago
Hong Kong Monetary Authority Establishes Tokenization of Bonds Expert Group
June 5 — The Hong Kong Monetary Authority (HKMA) announced today via an official statement the creation of a Tokenized Bond Expert Group. The group brings together industry experts with relevant experience to focus on growing Hong Kong’s tokenized bond market, advancing the adoption of tokenized bonds in the region and unlocking new potential for the sector.
Members of the expert group represent a cross-section of stakeholders: industry associations, financial institutions, law firms, financial infrastructure providers, and technology vendors. Building on progress HKMA has already made on various tokenized bond-related projects, the group will collaborate to examine policy strategies, market best practices, and innovative solutions to support the market’s expansion.
7 minutes ago
ZEC plunges nearly 50% in 24 hours, now trading at $295
June 5 — According to HTX market data, ZEC dipped to $250.12 at its lowest point and has since edged slightly higher to $295, marking a 48.51% decrease in the past 24 hours. Earlier reports noted that an unlimited inflation bug in ZEC was discovered by Anthropic Opus 4.8. The Zcash Open Development Lab (ZODL) then coordinated an emergency response with the Zcash ecosystem, completing all necessary fixes on June 2.
7 minutes ago
ZEC Faces Panic Sell-off, Experiences Sharp Decline, Market Maker Auros Global Takes on Long Liquidation Loss of Over $8.5 Million
On June 5th, per monitoring from Hyperinsight (via https://t.me/HyperInsight), Zcash (ZEC) prices plunged in the afternoon due to a panic sell-off driven by persistent concerns over the feasibility of an "infinite issuance" model, resulting in a one-sided downward trajectory.
During the price drop, Auros Global— a prominent market maker on Hyperliquid— was temporarily forced to accumulate a large number of long positions. As of press time, Auros holds a $10.5 million long position, with an unrealized (floating) loss that once swelled to $8.5 million, equivalent to a -450% margin.
The market-making address linked to Auros currently has a total position value of $46.2 million, providing liquidity for 99 distinct tokens. Recently, this address has significantly narrowed the range of tokens it supports for market-making, and its overall position size has also decreased.
Market-making Address: 0x023a3d058020fb76cca98f01b3c48c8938a22355
7 minutes ago
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