ZEC whale standoff escalates: bulls add 9,871 coins, bears have an unrealized loss of $1.64 million

【Blockchain Rhythms】On January 8th, ZEC price movements were volatile. After a short-term drop of 6.4% to a low of $449, it rebounded to around $465. What happened during this market?

The largest long whale on Hyperliquid (0x152) experienced a perilous moment—its position briefly turned from profit to loss. But this whale reacted quickly, decisively attacking around $459, increasing its holdings by 2,486 ZEC (approximately $1.14 million) within 10 minutes. Even more impressively, over the past 20 hours, this whale has accumulated a total of 9,871 ZEC, with a total investment of $4.54 million. Currently, this long whale holds a leveraged long position at 10x, with a scale of about $12.35 million, and an average price stuck at $463.

In contrast, the short side is facing difficulties. The largest short whale of ZEC is currently in deep unrealized loss—its position size is $17.48 million, with an average price of $419, and an unrealized loss of $1.64 million (47%). This whale has shown no signs of adjusting its position recently and can only hold on stubbornly.

Notably, traders known as the “Shanzhai Air Force Leader” are very active. Over the past few hours, they have continuously increased their short positions on ZEC, pushing the short position scale to $2.08 million, and are still adding to their shorts. The confrontation between bulls and bears is escalating.