ZEC’s largest near-term liquidation wall stands at $1,550; a breakout above this level would trigger liquidations of short positions valued at over $10 million.

According to TradingBeats monitoring, a large ZEC short position holder (address: 0x362a) triggered stop-losses seven times consecutively from last night to today, totaling approximately $5.196 million, with an average covering price of around $1,484.4, resulting in a realized loss of about $2.161 million. Prior to this round of position reduction, the address held 15,784.87 ZEC in short positions, valued at roughly $23.519 million. After cutting around 22.2% of its position, it still maintains a 4x full-leverage position, with an average entry price of approximately $866.9. The remaining position is currently worth about $18.241 million, with an unrealized loss of roughly $7.593 million, a loss rate of as high as -285.2%. The combined total of the seven realized losses and the unrealized loss on the remaining position reaches around $9.755 million. Calculations show the estimated liquidation price before the position reduction was approximately $1,508.9; after the reduction, it stands at $1,550.64, an increase of about $41.8. The remaining short position is only around 4.4% away from the estimated liquidation line. The address currently retains a market buy stop-loss trigger at $1,550, which is just $0.64 lower than the estimated liquidation price, a gap of roughly 0.04%. The $1,550 level is the most prominent liquidation wall for ZEC on Hyperliquid, aggregating around $20.4 million. Within the roughly $500 range above and below the current price, all other visible liquidation walls are under $5 million, less than a quarter of this level.