First batch of ZEC rally-chasing whales liquidated, with the largest address seeing $3.25 million in long position liquidations.

According to TradingBeats monitoring, ZEC is undergoing a short-term pullback, putting pressure on long positions that entered chasing the recent rally. Early this morning, a large whale address starting with 0xd745 liquidated all its 2,859.7 ZEC long positions in roughly 3 seconds, with a liquidation volume of around $3.25 million and a loss of approximately $190,900. Besides this address, addresses starting with 0x1183 and 0xc46 also faced liquidations one after another, each with a single liquidation scale exceeding $1.5 million. All three positions were opened at high levels during ZEC’s rally over the past two days. Before the liquidation, the 0xd745 address was still actively expanding its long positions. From 20:47 last night to 00:08 this morning, the address added a total of 1,622.8 ZEC, with a transaction volume of around $1.9003 million, lifting its holdings from 1,236.87 ZEC to 2,859.76 ZEC, with an average entry price of approximately $1,203.23. The final round of position addition occurred near $1,155, but only about 10 minutes later, as the price dropped, all its ZEC long positions were forcibly liquidated by the system, with an average liquidation price of around $1,136.47. After that, the address shifted to BTC, re-establishing a long position worth roughly $5.9872 million in BTC early this morning. As of press time, this position is showing an unrealized loss of around $14,900, with an estimated liquidation price of $76,096.