Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
$ZEC 🎭【Script Killers Warning】ZEC short whale suspected of encountering a script killer, 1026 life and death line: liquidation results in a loss of 15 million dollars!🎭
ZEC long leader vs two major short whales, the top three ZEC holdings on the entire network are extremely polarized👇
---
🐂 First place: Long King (10X full position)
· Unrealized profit and loss: +$6.85 million 💰
· Position size: 31k ZEC
· Opening average price: $387.21
· Margin: $31k | Liquidation price: $0.00 (almost invincible)
· Funding fee: paid -$95.3k (supporting shorts)
Floating profit nearly $7 million, liquidation price is zero, almost “invincible”.
---
🐻 Second place: Veteran short (5X full position)
(Well-known on-chain short whale, fake army leader, since last year, the floating profit from shorting the fake coins has shrunk from nearly 1.88M to 95.3k, with a loss of 95.3k in the past seven days)
· Unrealized profit and loss: -$3.2278 million 📉
· Position size: 29k ZEC
· Opening average price: $498.84
· Margin: $3.5477 million | Liquidation price: $1026.36
· Funding fee: received +$61k (recovering)
Most deeply trapped, floating loss of 3.22 million dollars. As long as the price does not break $1026.36, it is temporarily safe. Relying on funding fees to hold on.
📐 If the price hits $1026.36:
Nominal liquidation loss = (1026.36 – 498.84) × 29k ≈ 29k USD
Margin directly zeroed out, the shortfall covered by full position margin.
Currently only about $416 price increase away from liquidation (about 68% room).
---
🐻 Third place: Second-in-command short (5X full position)
· Unrealized profit and loss: -$3.3243 million 📉
· Position size: 24k ZEC
· Opening average price: $470.68
· Margin: $2.9056 million | Liquidation price: $1699.70
· Funding fee: received +$47.3k
Floating loss slightly exceeds second place, but liquidation price is farther away ($1699.70), with a thicker safety cushion. Also relying on funding fees to slowly stop the bleeding.
---
📌 Summary
· Long King: huge floating profit, no liquidation.
· Two major shorts: huge floating loss, relying on funding fees to survive, betting ZEC won’t rise.
· The combined holdings of the three parties exceed 84k ZEC, worth nearly $51 million, a top-tier showdown.
If $1026 is really precisely targeted and blown up by the longs, it would be a classic scene in the annual script killer 🎬
⚠️ Risk Reminder (Must Read for Retail Investors)
Recently, most whales who were liquidated around $700 in ZEC have added margin.
They actively pushed the liquidation price above $1000 (the second whale above is a typical example).
This means:
· It seems that $700 is a strong resistance, but in fact, whales have built a “buffer wall” with funds, and the current short risk pressure has increased.
· If retail investors blindly short now and do not set stop-losses, once the longs rally to around $1000, you may liquidate before the whales.
· The adjustment of the liquidation price to around 1000 indicates whales are actively avoiding risk. Be responsible for your account, strictly set stop-loss levels.