"Precise layout of ZEC" Whale temporarily closes position and cuts loss on 30,000 ZEC, account profit turns into loss.

On November 11, according to Coinbob's popular address monitoring, due to the continuous decline in ZEC price today, in the past 9 hours, the whale (0x96e) of “Precision Layout ZEC” has gradually reduced its position and cut loss of over 30,000 ZEC since the price of ZEC broke below its average holding cost, recording a loss of approximately $960,000, with its remaining position having unrealized losses of $950,000 (46%), liquidation price at $420, and the position size reduced from $37.01 million yesterday to $10.37 million. This address has gradually deposited $2.21 million into Hyperliquid since November 3, subsequently opening a 5x leveraged long order on ZEC and continuously rolling over, with the principal at one point exceeding $10.5 million, and before reducing its position, it was the largest long position on ZEC in Hyperliquid. Additionally, according to monitoring, the largest short positions on ZEC in Hyperliquid (0xd47) have continuously increased the position to average down ZEC, with current unrealized losses narrowing from $20.19 million to $1.087 million, holding price at $336, position size at approximately $30.64 million, and still no closing positions.