ZEC Plunges 12% Yet Large Holders Remain Unshaken, Over $20 Million in Long Positions Still About $20 Away from Liquidation

BlockBeats news, September 29th, according to TradingBeats monitoring, ZEC is currently quoted at $1,388.4, down about 12.1% in 24 hours, with a low of $1,379.

Although the decline has exceeded 10%, the near-term large long positions have still not been breached by this round of pullback. Among million-dollar-level positions, currently only one long position of around $1 million has been liquidated by the market movement. The nearest long liquidation line is still at $1,359.45, about 2.1% below the current price. The corresponding long position of about $17.455 million is still being held, with an average entry price of $1,558.41, and an unrealized loss of about $2.137 million (0xcbab...).

Further below at $1,357.59, there is another estimated liquidation line for a long position of about $2.631 million. The two large positions totaling about $20.086 million have their risk concentrated near $1,358–$1,359.