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ZEC long positions are about to get liquidated, Large Investors urgently dumped 1.5 million U to sustain.
In early December, a tough guy gave us a lesson on risk control.
When ZEC fell below 370 dollars, a large holder saw their 10x leveraged long position about to be liquidated and directly dumped 1.5 million U on Hyperliquid to save the situation. This move was decisive, but the cost was heavy – they were already facing an unrealized loss of 4.28 million dollars, and accounting for previous losses, this guy accumulated a total loss of 6.6 million dollars.
Daily life of high-leverage players: either getting rich or desperately hanging on the edge of liquidation. This wave of market for ZEC really didn't give the bulls any face; even whales have to cough up real money to add margin. The market does not believe in tears, only recognizes whether the collateral is strong enough.