ZEC drops 6% in the short term, sparking a battle between bulls and bears. On-chain, the largest long position in ZEC and the "altcoin short army leader" both significantly increased their holdings.

GateUser-6433627c · 2026-01-08T05:29:01+00:00

On January 8th, ZEC price briefly dropped 6.4% to $449 before rebounding. The largest bullish whale increased its holdings by 9,871 ZEC during this fluctuation, with a total value of approximately $4.54 million, while the largest bearish whale did not adjust its position, with an unrealized loss of 47%. Meanwhile, other bears are also increasing their positions.

GateUser-6433627c

2026-01-08 05:29:01

Abstract generation in progress

On January 8, according to Coinbob’s popular address monitoring, the ZEC price briefly dropped 6.4%, touching a low of $449 before rebounding to around $465. During this fluctuation, the largest long whale (0x152) on Hyperliquid holding ZEC went from profit to loss, then decisively added to their position around $459, increasing their holdings by 2,486 ZEC (approximately $1.14 million) within 10 minutes. Over the past 20 hours, they have accumulated a total long position of 9,871 ZEC (about $4.54 million). Currently, this whale holds a 10x leveraged ZEC long position worth approximately $12.35 million, with an average price of $463. Additionally, according to Coinbob’s monitoring, the “ZEC largest short” whale remains in floating loss, having not adjusted their ZEC short position recently. Their current holdings amount to about $17.48 million, with an average price of $419, and a floating loss of $1.64 million (47%). Meanwhile, the “Altcoin Air Force Leader” has continued to increase their ZEC short position over the past few hours, now holding a ZEC short position worth $2.08 million, and still adding to their position.

ZEC-5.72%

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