ZEC Sees 8.5% Intraday Pullback, Hyperliquid Whale Gets Liquidated for $1.48 Million

BlockBeats News, May 26th, according to Hyperinsight monitoring, ZEC continued to pull back from its daily high today, with a cumulative intraday decline of 8.5%, reaching a low of $620. This round of pullback triggered a series of liquidations of a whale's long positions on Hyperliquid, with a total liquidation of about $1.48 million.

During ZEC's decline, the address repeatedly added leverage long positions, continuously averaging up to around $649 (when ZEC had retraced about 4.56% from its high), accumulating 2403 ZEC in long positions. However, as the market failed to stabilize at its additional position, the price dropped below its liquidation price, resulting in a loss of about $86,000.

Address: 0x75ec3ba266176e733f1b1fdaa15052f5eff724b8