First batch of ZEC momentum-chasing whales liquidated, TOP 1 address long position liquidated for $3.25 million

BlockBeats news, September 11th, according to TradingBeats monitoring, during the short-term pullback of ZEC, long positions that recently chased the rally and entered the market have begun to come under pressure. In the early hours of today, a whale address starting with 0xd745 had its long position of 2,859.7 ZEC fully triggered for liquidation within about 3 seconds, with a liquidation transaction value of approximately $3.25 million and a realized loss of approximately $190,900.

In addition to this address, addresses starting with 0x1183 and 0xc46 also successively suffered liquidations, with each single liquidation exceeding $1.5 million. All three positions were established at high levels during ZEC's rise over the past two days.

Before the liquidation, 0xd745 was still continuously expanding its long position. From 20:47 last night to 00:08 today, this address cumulatively added 1,622.8 ZEC, with a transaction value of approximately $1.9003 million, expanding its holdings from 1,236.87 ZEC to 2,859.76 ZEC, with the average price rising to approximately $1,203.23.

The final round of position adding occurred near approximately $1,155, but only about 10 minutes later, as the price fell back, all of its ZEC long positions were forcibly liquidated by the system, with an average liquidation price of approximately $1,136.47.

The address subsequently turned to BTC, re-establishing a BTC long position of approximately $5.9872 million this morning. As of press time, this position has an unrealized loss of approximately $14,900, with an estimated liquidation price of approximately $76,096.