ZEC Whale: Loses $5.84M on Spot and Futures

ZEC fell 9% today, triggering a $5.84 million loss for one whale that combined spot and futures longs. The trader spent $31.78 million on 25,002 ZEC over four days at an average $1,271, now showing a $3.26 million unrealized loss, while the Hyperliquid long of 18,910 ZEC entered at $1,378 was stopped out below $1,200 for an additional $2.58 million realized loss.

Price sits at $1,146.67 on the 4h chart inside a bearish structure defined by EMA50 at $1,239.74 and EMA200 at $1,279.30. MACD registers a death cross at -22.58 while RSI at 35.09 shows neutral momentum. With price testing the lower Bollinger band support at $1,150.83, the structure points to sustained pressure toward that level before any relief attempt toward the EMA50 resistance.