ZEC moving up, bears haven’t cleared out yet According to stats, the pressure from ZEC shorts on Hyperliquid’s million-dollar whales is far from over. Currently, these addresses collectively hold $227M worth of ZEC short positions, with liquidation points concentrated in: - Liquidation Zone 1️⃣: $1,190–$1,500: Around $20.34M in shorts, with the latest batch concentrated between $1,316–$1,470; - Liquidation Zone 2️⃣: $1,500–$1,800: Around $36.83M; - Liquidation Zone 3️⃣: $1,800–$2,200: The densest short positions, involving $74.58M worth of shorts. Among them, the two largest short positions are far from the current price: 0x92ea…50e9: Holding $33.02M in shorts, liquidation price at $2,572, currently sitting on an unrealized loss of $18.47M; 0xdd53…2b13: Holding $27.94M in shorts, liquidation price at $2,179, currently sitting on an unrealized loss of $10.07M. In other words, if ZEC continues to break upward, the area above $1,300 isn’t just a single liquidation point—it’s a progressively expanding risk zone for shorts. Especially in the $1,800–$2,200 range, if earlier shorts are forced to reduce positions and push the price higher, larger-scale positions further back could be triggered consecutively. On the flip side, liquidation prices for longs are significantly lower overall, mainly concentrated in the $500–$900 range, which still has a considerable gap from the current price.