ZEC Whale Liquidated for $3.25M as Pullback Wipes Out Recent Longs

ME News, Sept. 11 (UTC+8) — TradingBeats data show that ZEC’s short-term pullback is pressuring long positions opened on recent rallies. Early this morning, a whale wallet beginning with 0xd745 saw its entire 2,859.7 ZEC long position liquidated in about three seconds, for a liquidation value of roughly $3.25 million and a realized loss of about $190,900. Two additional wallets, starting with 0x1183 and 0xc46, were also liquidated, with each single liquidation exceeding $1.5 million. All three positions were built at elevated levels during ZEC’s sharp run-up over the past two days. Before the liquidation, the 0xd745 wallet continued adding to its long. From 20:47 yesterday to 00:08 today, it accumulated 1,622.8 ZEC in additional longs with an estimated traded value of $1,900,300, lifting the position from 1,236.87 ZEC to 2,859.76 ZEC and pushing the average entry price to around $1,203.23. The final add was placed near $1,155; about 10 minutes later, as the price fell, the entire ZEC long was forcibly closed at an average liquidation price of roughly $1,136.47. The wallet then rotated into BTC, reopening a BTC long worth about $5.9872 million this morning. As of publication, the BTC position shows an unrealized loss of around $14,900, with an estimated liquidation price near $76,096. (Source: BlockBeats)