TechFlow News: On May 26, according to Hyperinsight monitoring data, ZEC continued its downward correction from today’s high, posting a cumulative intraday decline of 8.5%, with the low briefly touching $620. This correction triggered consecutive liquidations of a large whale’s long positions on Hyperliquid, resulting in approximately $1.48 million in forced liquidations.
During ZEC’s decline, this address repeatedly opened leveraged long positions, accumulating a total of 2,403 ZEC in longs near $649 (at which point ZEC had corrected roughly 4.56% from its high). However, the market failed to stabilize at its entry levels, and the price decline breached its liquidation price, resulting in a loss of approximately $86,000.
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