ZEC whale rotation at higher levels sees early bull exit as new buyer targets a $17 million position

News Editor

2026-09-10 06:51:01

ZEC was trading at about $1,218.8 on Sept. 10, according to TradingBeats, as two large addresses moved in opposite directions. One wallet starting with 0xbf73 sold its entire 13,000 ZEC position in three rounds from the evening of Sept. 9 to the early hours of Sept. 10, closing out roughly $16.4017 million at an average exit price of about $1,261.67. Based on an estimated entry cost of about $869.6, the address realized around $5.096 million in profit and now holds no ZEC position or open orders. At the same time, another address starting with 0x152e added 9,426.59 ZEC for about $11.636 million at an average add-on price of roughly $1,234.38. Including its previous holdings, the wallet’s position expanded to 11,739.54 ZEC, valued at about $14.3082 million, with a blended cost of about $1,217.62 and an unrealized gain of around $13,900. TradingBeats also said the address has kept roughly $3.01 million in buy orders between $1,185.5 and $1,205.5, aiming to increase the position to $17 million if the price falls further.

ZEC was trading at about $1,218.8 on Sept. 10, according to TradingBeats, as on-chain flows pointed to a large handoff between two major holders.

One address fully exited a 13,000 ZEC position

An address beginning with 0xbf73 sold all 13,000 ZEC in three rounds from the evening of Sept. 9 through the early hours of Sept. 10, for about $16.4017 million in total. The average closing price was about $1,261.67.

TradingBeats said the address had built the position at an estimated cost of about $869.6 per ZEC, putting realized profit from the exit at roughly $5.096 million. The wallet now has no ZEC position and no outstanding orders.

A second wallet increased exposure on the other side

While that early bull was closing out, an address beginning with 0x152e was adding to its ZEC holdings. Over the same period, the wallet accumulated 9,426.59 ZEC, spending about $11.636 million at an average add-on price of roughly $1,234.38.

After including its existing holdings, the address expanded its total position to 11,739.54 ZEC, valued at about $14.3082 million. Its blended cost was about $1,217.62, leaving the wallet with an overall unrealized profit of around $13,900 at the time of the data snapshot.

TradingBeats added that the most recent purchases had already fallen below the $1,234.38 average add-on price. Even so, the address still had about $3.01 million in buy orders resting between $1,185.5 and $1,205.5, with plans to increase the position to $17 million if ZEC declines further.

The firm also said its on-chain perpetuals and address analytics tool is now live, with support for real-time Hyperliquid data and tracking from address tracing to whale activity analysis.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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