Data: "ZEC Largest Long" on Hyperliquid rolls long positions at lows, with weekly unrealized profits exceeding $7 million
ChainCatcher News, according to Coinbob's popular address monitoring, the "largest ZEC long" whale on Hyperliquid has, since opening positions on November 3, used $2.21 million as principal to intensively build ZEC long positions in two key ranges: $497–$499 and $597–$595. In just one week, the total account value has soared to over $10.5 million, making this whale the largest ZEC contract long on Hyperliquid.
Each time this whale opened intensive positions, the price of ZEC saw a significant surge within 24 hours. Although last week's market correction made the whale more cautious, leading to partial profit-taking of 5,000–15,000 ZEC between November 9 and 10.
Currently, the whale still holds a long position of 55,000 ZEC, maintaining 5x leverage, with an average entry price of approximately $555.4. Notably, during the weekend, about $500,000 was transferred into the whale's on-chain address as backup funds, which have not yet been used, suggesting preparations for the next round of positioning.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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