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Hyperliquid's "ZEC Long Whale" added to their position at the lowest point, liquidated short positions, and realized a weekly profit of over $7 million.
BlockBeats News, November 10th, according to Coinbob Popular Address Monitoring, Hyperliquid's "ZEC Largest Long Position" whale has been intensively building its position since November 3rd, with a principal of $2.21 million. It has successively deployed ZEC long positions in two key ranges, 497–499 dollars and 597–595 dollars. In just one week, the total account balance has doubled to over $10.5 million, making it the largest long position on ZEC contracts on Hyperliquid.
After each intensive position building, the whale has seen a significant price surge in ZEC within 24 hours. Although last week's market correction made it cautious, it partially closed its position to take profits by selling 5,000 to 15,000 ZEC on November 9th and 10th.
Currently, the whale still holds a long position of 55,000 ZEC, maintaining a 5x leverage with an average position price of around $555.4. It is worth noting that during the weekend, about $500,000 was transferred to its on-chain address as reserve funds. These funds have not been used yet, indicating that it may be preparing for the next strategic move.
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