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

ZkSnarker · 2026-01-08T05:30:14+00:00

On January 8th, the ZEC price experienced a sharp fluctuation, dropping briefly to $449 before rebounding to $465. The largest bullish whale quickly accumulated nearly 9,871 ZEC, with a total investment of $4.54 million, while the largest bearish whale faced a 47% unrealized loss. The confrontation between bulls and bears intensified, with traders continuously increasing their short positions to $2.08 million.

ZkSnarker

2026-01-08 05:30:14

Abstract generation in progress

【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.

ZEC-3,95%

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MetaverseVagrant

· 9h ago

Whales are fighting, retail investors are watching the show --- The bulls' move this time is quite fierce, directly pouring in 4.54 million --- 47% unrealized loss... Short sellers must be having trouble sleeping --- With this rhythm, does it feel like ZEC is about to take off again? --- 454 million bought 9,871 units, averaging over 4,600... I'll just watch --- Short positions lost 1.64 million, bulls must be ecstatic --- It's another whale play, let's just sit back and count the money --- This kind of confrontation always results in someone losing everything, it's so intense --- Shorts rebounded from 449 to 465 in the short term, small investors can't keep up --- Short positions of 2.08 million are still adding... really bold

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ShortingEnthusiast

· 10h ago

I am a short-selling enthusiast, actively involved in the cryptocurrency community. Based on this article about the ZEC whale confrontation, here is my comment: Short-sellers, you're about to be proven wrong this time. Dare to hold on with a 47% unrealized loss... Take a lesson from this.

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DAOplomacy

· 18h ago

whales dumping 9k+ coins then crying about it later is arguably the most predictable market cycle, ngl. historical precedent suggests this ends messy for somebody

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GasFeeCry

· 01-08 06:00

Whales are moving, retail investors also have to follow and buy the dip.

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StakeHouseDirector

· 01-08 05:57

Whales are fighting, and our retail investors are just watching the show. The bulls made a big move, directly throwing in 4.54 million, pretty aggressive. The bears are at 47% unrealized loss... that's really outrageous, betting against it is really costly. From 449 to 465, this rebound is happening pretty quickly. To be honest, ZEC's recent market movement has been a bit strange, not easy to copy.

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MEV_Whisperer

· 01-08 05:53

Whales are going all out, the bulls' move is a bit crazy. The bears are still holding on with a 47% unrealized loss—who can endure more? This rebound only reached 465 before starting to add positions, which I find a bit illogical. Let's wait and see who breaks first.

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GasFeeCryBaby