The largest near-term liquidation wall for ZEC is at $15.5, and a break above it would liquidate a short position worth over $10 million.

BlockBeats news, September 18 — according to TradingBeats monitoring, a large ZEC short seller (0x362a) stopped out 7 consecutive times from last night to today, totaling approximately $5.196 million, with an average buyback price of about $1,484.4, realizing a loss of approximately $2.161 million.

It was found that before this round of position reduction, this address held a short position of 15,784.87 ZEC, worth approximately $23.519 million. After reducing about 22.2% of the position, it still holds a 4x full-position short, with an average entry price of about $866.9.

The remaining position is currently worth approximately $18.241 million, with an unrealized loss of approximately $7.593 million, a loss magnitude of as high as -285.2%. The 7 realized losses combined with the unrealized loss on the remaining position total approximately $9.755 million.

According to calculations, the estimated liquidation price before the position reduction was approximately $1,508.9; after the reduction, it shows $1,550.64, moving up by approximately $41.8. The remaining short position is still only about 4.4% away from the estimated liquidation line.

This address currently retains a buy market stop-loss triggered at $1,550, with the trigger price only $0.64 below the estimated liquidation price, a gap of about 0.04%.

The $1,550 price level is the most prominent liquidation wall for ZEC across all of Hyperliquid, concentrating approximately $20.4 million. Within a range of about $500 above and below the current price, all other visible liquidation walls are approximately within $5 million, less than a quarter of that level.