ZEC drops 6% in a short time, triggering a long-short battle; the largest on-chain ZEC bull and the "altcoin short leader" both significantly increase their positions

BlockBeats News, January 8, according to Coinbob's popular address monitoring, ZEC price briefly dropped by 6.4%, hitting a low of $449 before rebounding to around $465. During this fluctuation, the largest ZEC long whale (0x152) on Hyperliquid saw their position turn from profit to loss, but then decisively increased their position near $459, adding 2,486 ZEC (about $1.14 million) within 10 minutes. Over the past 20 hours, the whale has accumulated a total of 9,871 additional long positions (about $4.54 million). Currently, this whale holds a 10x leveraged ZEC long position, with a scale of about $12.35 million at an average price of $463.

According to Coinbob monitoring, the "largest ZEC short whale" is still at an unrealized loss and has not adjusted their ZEC short position recently. The current position size is about $17.48 million at an average price of $419, with an unrealized loss of $1.64 million (47%). Meanwhile, the "altcoin short leader" has continued to increase their ZEC short position over the past few hours, now raising the ZEC short position to $2.08 million and still adding more.