ZEC Futures See $20.4M Liquidation at $1,550 Price Level

Hyperliquid's ZEC futures market saw approximately $20.4 million (KRW 28.1 billion) in liquidation volume at the $1,550 price level. The total unrealized and realized losses for a large short position amounted to roughly $9.76 million (KRW 13.5 billion). Blockbits reported on October 18 that address '0x362a' had exited seven short positions in ZEC futures, reducing its exposure by about $5.2 million (KRW 71.8 million) with an average buyback price of $1,484.40 and a realized loss of $2.16 million (KRW 30 million). Before the reduction, this address had shorted approximately 15,784.87 ZEC tokens, representing a position size of about $23.5 million (KRW 32.5 billion), and reduced its holdings by 22.2%. The remaining position is maintained at 4x leverage with full collateral. The average entry price was approximately $866.90, while the current short position value stands at around $18.24 million (KRW 25.2 billion), with an unrealized loss of about $7.59 million (KRW 10.5 billion) and a loss rate of -285.2%. The combined total of confirmed losses and remaining position valuation is approximately $9.76 million, which reflects the address's cumulative trading losses but does not represent overall market losses. The expected liquidation price increased from $1,508.90 before reducing the position to $1,550.64 afterward, with a 41.8% increase in the liquidation wall and a current price distance of about 4.4%. The address has also set a market buy stop-loss order at $1,550, with only a $0.64 (0.04%) difference between the trigger price and expected liquidation level.