ZEC retraced 8.5% intraday; a Hyperliquid whale who bought on the long suffered a $1.48 million liquidation.

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TechFlow to TechFlow, on May 26th, Hyperinsight monitoring showed that ZEC continued its pullback from its high point, with a cumulative intraday drop of 8.5%, briefly touching a low of $620. This pullback triggered a series of liquidations of a large long position held by a whale on Hyperliquid, resulting in a total forced liquidation of approximately $1.48 million.

This address repeatedly went long with high leverage during the ZEC pullback, accumulating long positions up to around $649 (when ZEC had retraced approximately 4.56% from its high), long. However, the price failed to stabilize at its added position level, and the price fell below its liquidation line, resulting in a loss of approximately $86,000.

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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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