TREE NEWS reports: Trader fluffysnow opened a 5x leveraged long on 8,469.64 ZEC at an average price of $1,322.49 at 04:50, worth $11.66 million, and is now sitting on an unrealized gain of $487,000, making the position the 7th-largest ZEC long on Hyperliquid. ZEC liquidations over the past 24 hours totaled $57.36 million, trailing only Bitcoin and ETH.
Trader fluffysnow Opens $11.66M ZEC Long, Becomes Hyperliquid’s 7th-Largest ZEC Bull
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AI take
The size of this single position matters less than where it sits: ZEC now ranks third in 24-hour liquidations behind only Bitcoin and ETH, a sign that leverage has concentrated in a mid-cap privacy asset rather than the majors. That makes ZEC's order book unusually reflexive, with a five-times long of this scale capable of amplifying moves in either direction. Whether that liquidation share keeps pace with the majors, or fades as the position ages, is the open question.
Generated by AI for reference only.
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