ZEC’s 24-hour price drop widens to 10.7%, dipping to $1,356.
1 hours ago
According to HTX market data, ZEC’s 24-hour decline has widened to 10.7%, hitting a low of $1,356 and currently trading at $1,389. Today, altcoins are seeing broad declines. ZEC, after nearly doubling in value in September, is facing concentrated profit-taking, with long positions in derivatives contracts remaining at high levels. Additionally, per TradingBeats monitoring, although ZEC’s drop has exceeded 10%, large nearby long positions have not been liquidated by this pullback. Among million-dollar-level holdings, only one long position of around $1 million has been liquidated by current price action. The nearest long liquidation line stands at $1,359.45, roughly 2.1% below the current price. Corresponding long positions worth approximately $17.455 million are still being held, at an average entry price of $1,558.41, with an unrealized loss of around $2.137 million. Further down, at $1,357.59, there is an estimated liquidation line for another $2.631 million in long positions. The two large holdings, totaling about $20.086 million, carry concentrated risk near the $1,358–$1,359 level.
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