The ZEC short position of a "whale" that had $97 million liquidated suffered seven more consecutive liquidations, leaving its account with zero funds and forced to exit the market.

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On November 20th, according to monitoring by the on-chain AI analysis tool CoinBob (@CoinbobAI_bot), this morning, after ZEC returned above $680, the ZEC short position of the BTC whale(0x7b7), which had previously suffered a precise loss of $97 million, was liquidated seven times in a short period, resulting in the account being wiped out. Yesterday, its ZEC short position was approximately $19 million, with a floating profit of $2.4 million at its peak. Due to the previous short position being closed and a small rollover after the stop loss, the average price was once pulled down to $655.

This address belongs to a well-known player on Roobet and Stake.com. Since transferring $7 million to Hyperliquid on November 6, it has experienced both large losses and small gains. It often opens cross margin with extremely narrow liquidation prices and high leverage. On November 17, it short BTC and was targeted, resulting in a single liquidation of nearly $97 million. It was once the largest short seller of BTC on Hyperliquid.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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