Trader Loracle consolidates and flattens ZEC long positions, holding $10.8 million to become the largest main force.


On June 5th, according to Hyperinsight monitoring, during ZEC's sharp decline, Hyperliquid trader Loracle's long positions experienced increased unrealized losses.
This address reversed the trend, with the lowest buy-in near $250, lowering the average entry price from above $500 to $354.
Next, three things need to be watched: whether related funds continue to flow in, whether on-chain trading volume and holdings keep expanding, and whether project teams or regulators provide new confirmation information.
A single news flash can only indicate that sentiment has been ignited; subsequent data will determine if it can develop into a trend.
Risks should also be on the table: the position size has been pushed up to $10.8 million, totaling 34.8k ZEC long, making it the largest long position on the Hyperliquid platform.
As of the time of writing, this long position has an unrealized loss of $1.6 million (-130%), but they are still increasing their holdings.
$zec #hype #On-chain data #监管 #Blockchain
ZEC-11.95%
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