A certain ZEC trader was less than $6 away from being liquidated, suffering a loss of over $3 million within the day

June 5 – Per Hyperinsight monitoring, a recent analysis from the Hyperliquid platform has identified a trader focused on holding a long position in ZEC. Ahead of today’s settlement price, the trader executed multiple rounds of manual deleveraging, gradually lowering their liquidation line to mitigate risk. The wallet address in question had previously amassed a long position of 13,000 ZEC. Now, their holdings have shrunk to 5,080 ZEC – roughly $2.02 million – with a liquidation price set at $383.8. This makes it the closest million-level position address to liquidation currently. As of press time, ZEC trades around $388, putting the address less than $6 away from being liquidated. The remaining position carries an unrealized loss of approximately $700,000, equal to 2.5 times its initial margin. Adding in losses from earlier deleveraging rounds, the total accumulated loss over the past 24 hours hits $3 million. Wallet Address: 0xb2662fca65f6446b8b1898340118d44d680a4449 Additional Note: The whale has completed one round of manual deleveraging, with their next scheduled liquidation price at $369, and a remaining position valued at $1.1 million.