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🔍 On-chain detective |ZEC of long whales are underwater as multiple whales face liquidations
BlockBeats reported,November 11, on Hyperliquid,ZEC fell sharply, dropping from 1199.20 USD last night to 965.79 USD this afternoon, a decline of approximately 19.5%. At the time of reporting, it was trading at 987 USD，24, down approximately 14.7%over hours.
The plunge left major investors' long positions broadly underwater. Across the market, of the 32 addresses holding long positions exceeding 1000000 USD in ZEC, 27 were sitting on unrealized losses, representing as much as 84.4%, with aggregate unrealized losses of approximately 23740000 USD.
These 27 underwater whales collectively held approximately 122600 ZEC(worth approximately 121000000 USD), accounting for 90.2%of whale long positions and nearly (ZEC) of total Hyperliquid OI perpetual 29.5%over the same period. The 32 addresses had a weighted average entry price of 1127.26 USD, with the current spot price approximately 12.5%below their aggregate cost basis.
The address with the largest unrealized loss, 0xc36a, held a long position of approximately 13500 ZEC at an average entry price as high as 1229.96 USD, with an unrealized loss of approximately 3270000 USD. Its liquidation price was 894.23 USD.
Other stubborn accounts were liquidated repeatedly: 0x8f74 had its entire long position of 567 liquidated this morning, losing approximately 112500 USD. Meanwhile, 0xb200 was liquidated times over the past 24 hours, totaling 324 units.