ZEC Breaks $1,000 Mark, Leading to Liquidation of 3 Whales, with the next $6.7 million short position only $30 away from liquidation

BlockBeats News, September 4th. According to TradingBeats monitoring, ZEC is currently trading at around $1011.9, with a 24-hour increase of about 21.7%. The intraday high touched $1031.1. As the $1000 mark was breached, the first batch of short positions that had been pressuring the round number mark were forcibly liquidated.

Between 16:53 and 16:54, three addresses, 0xec0, 0x9663, and 0x7b12, were successively liquidated for 3213.05 ZEC in short positions, totaling about $3.27 million, with a total confirmed loss of about $204,700.

Among them, the 1563.99 ZEC short position at address 0xec0 was first liquidated in two transactions by the system, with an average execution price of around $1015.72, resulting in a buyback of about $1.589 million. Subsequently, 0x9663 and 0x7b12 were liquidated for approximately $944,500 and $736,800, respectively.

However, two whales are also facing greater pressure:

Currently, addresses 0x9311 and 0xf206 still hold a total of approximately $6.77 million in ZEC short positions, with an unrealized loss of about $808,000. The estimated liquidation prices for the two are around $1041.32 and $1043.99, respectively. Based on the previous high of $1031.1, the liquidation levels were only about $10 to $13 away, less than 1.3%.

Among them, 0x9311 did not close its position during the rise but instead recently added 773.04 ZEC shorts at $969.36, expanding the total short position to 3773.08 ZEC, worth about $3.818 million. Its liquidation price has decreased from around $1071.8 to $1041.32 as a result. 0xf206 still holds 2916.22 ZEC in short positions, valued at around $2.951 million, with a liquidation price of about $1043.99.