ZEC retraces 8.5% in a day, major whale on Hyperliquid faces $1.48 million liquidation after "buying the dip"
According to BlockBeats, on May 26, Hyperinsight monitoring showed that ZEC has been continuously retracing from its intraday high, with a cumulative decline of 8.5% during the day, and the low once reached 620 US dollars. This retracement triggered the continuous liquidation of long positions held by a whale on Hyperliquid, resulting in forced liquidations totaling approximately 1.48 million US dollars.
During ZEC's pullback, this address repeatedly opened long positions with high leverage, accumulating long positions up to around 649 US dollars (at that time, ZEC had retraced about 4.56% from its high), for a total of 2,403 ZEC. However, the market did not stabilize at the position where more funds were added and continued to fall through the isolated margin liquidation line, resulting in a loss of about 86,000 US dollars.
Address: 0x75ec3ba266176e733f1b1fdaa15052f5eff724b8
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