A whale that had been adding to a ZEC long during the latest rally was liquidated as the token pulled back, according to monitoring data cited by BlockBeats from TradingBeats. The largest liquidation involved the wallet starting with 0xd745, whose 2,859.7 ZEC long was fully force-closed in about three seconds early on Sept. 11. The liquidation turnover was about $3.25 million, with a realized loss of roughly $190,900.
TradingBeats said two other wallets, beginning with 0x1183 and 0xc46, were also liquidated, and each single liquidation exceeded $1.5 million. All three positions were opened near local highs during ZEC’s rise over the past two days. Before the liquidation, the 0xd745 wallet was still increasing exposure, adding a cumulative 1,622.8 ZEC between 20:47 last night and 00:08 today for about $1.9003 million, lifting its position from 1,236.87 ZEC to 2,859.76 ZEC. Its blended entry price rose to about $1,203.23.
The final add-on took place near $1,155. About 10 minutes later, as ZEC fell back, the entire long was liquidated at about $1,136.47. After the wipeout, the same address rotated into BTC and rebuilt a long worth about $5.9872 million. As of publication, that BTC position was showing an unrealized loss of about $14,900, with an estimated liquidation price of $76,096.
A whale that chased ZEC higher was liquidated during a short-term pullback, according to TradingBeats data cited by BlockBeats on Sept. 11.
Early in the day, the wallet beginning with 0xd745 saw its 2,859.7 ZEC long fully force-closed in about three seconds. The liquidation turnover was about $3.25 million, and the realized loss was roughly $190,900.
Two other wallets, beginning with 0x1183 and 0xc46, were also liquidated. Each single liquidation was worth more than $1.5 million. TradingBeats said all three positions had been opened near higher levels during ZEC’s rise over the past two days.
The 0xd745 wallet kept adding before the wipeout
Before the liquidation, the 0xd745 address was still expanding its long exposure. From 20:47 last night to 00:08 today, the wallet added a cumulative 1,622.8 ZEC for about $1.9003 million, taking the position from 1,236.87 ZEC to 2,859.76 ZEC. Its blended average entry price rose to about $1,203.23.
The final add-on came near $1,155. About 10 minutes later, as the price pulled back, the entire ZEC long was forcibly liquidated by the system at an average liquidation price of about $1,136.47.
Wallet then rotated into BTC
After the ZEC long was closed out, the same wallet turned to BTC and rebuilt a BTC long worth about $5.9872 million early this morning. As of publication, that position was showing an unrealized loss of about $14,900, with an estimated liquidation price of $76,096.
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