ZEC plunged nearly 10% overnight, breaking below the long positions' cost line, trapping 22 millionaire whales.

BlockBeats news, November 10 - According to TradingBeats monitoring, ZEC on Hyperliquid is currently trading at $1,147.6, down approximately 9.76% since midnight yesterday. It has fallen about 32.29% from the September 27 high of $1,695, and about 17.50% from the November 6 rebound high of $1,391.

The market sell-off has caused large funds' long positions to be breached. Of the 28 ZEC long accounts with positions exceeding $1 million across the market, 22 have fallen into unrealized losses (approximately 78.6%), with total unrealized losses of about $10.89 million. Although the remaining 6 accounts remain profitable, after hedging, these 28 addresses still show a net unrealized loss of approximately $3.26 million overall.

These 28 whale addresses collectively hold approximately $143 million in ZEC long positions, with a position-size-weighted average entry price of $1,173.79. The current price is already about 2.23% below their overall cost basis, putting longs under comprehensive pressure.

Among them, the largest long position 0x60b0 currently holds approximately $19.15 million, with an average entry price of $1,179.65 and unrealized losses of about $534,900. The largest loser 0x2b61 holds approximately $7.81 million, with an average entry price of $1,453.56 and unrealized losses of about $2,082,600.