Two major ZEC traders on Hyperliquid exited within one hour, closing a total of $28 million in long positions

BlockBeats news, on May 11, according to Hyperinsight monitoring, ZEC pulled back today, with its 24-hour drop widening to 7%, currently trading at $569. In the past hour, the two main ZEC long positions on the Hyperliquid platform have successively closed positions and exited the market, with a total withdrawal amount of approximately $28 million.

Among them, the on-chain "largest ZEC bull" "Loracle" has been continuously reducing large positions since this morning, and completely closed its $19 million ZEC long position 20 minutes before the time of writing. The closing average price was $567, about 46% higher than its average entry price of $387, realizing a floating profit of $6.888 million in this round.

Another major long whale (0x76d) increased its position on the eve of last night’s price retracement, holding about $8.9 million, but was hit by this morning’s pullback and was eventually stopped out, recording a loss of $328,000.

Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae

Address: 0x76da69d942cfdba3483e2ea3f16a490e1b0889a3