90% of ZEC long whales are in losses, with multiple whales suffering successive liquidations.

November 11 - ZEC on Hyperliquid suffered a severe downturn, plunging from $1,199.20 last night all the way to $965.79 this afternoon, a range decline of approximately 19.5%. As of press time, it is temporarily trading at $987, with a 24-hour decline of about 14.7%.

The market crash has caused large-capital long positions to collapse across the board. Of the 32 ZEC long addresses on the entire market holding over $1 million each, 27 have fallen into unrealized losses (accounting for as high as 84.4%), with total unrealized losses of approximately $23.74 million.

These 27 trapped whales collectively hold approximately 122,600 ZEC (worth about $121 million), accounting for 90.2% of the whale group's long positions and nearly 30% (29.5%) of Hyperliquid's total ZEC perpetual OI during the same period. The weighted average entry price of these 32 addresses is $1,127.26, and the current price is already about 12.5% below the overall cost basis.

Among them, the address with the largest unrealized loss, 0xc36a, holds approximately 13,500 ZEC in long positions at an average price as high as $1,229.96, currently sitting on unrealized losses of about $3.27 million. The liquidation price is at $894.23.

Another stubborn account has been repeatedly liquidated: 0x8f74 had all 567 long positions forcibly liquidated this morning, with losses of approximately $112,500. Meanwhile, 0xb200 has been liquidated three times in the past 24 hours (totaling 324 ZEC).