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Trader loses $5.84M as ZEC price drops 9%, hitting both spot and contract positions.

Technical Signals
03 Nov 2026, 06:37 WIB
Tokenpost
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Bearish
Trader loses $5.84M as ZEC price drops 9%, hitting both spot and contract positions.

A trader experienced a combined loss of $5.84 million after the price of ZEC fell by 9%. The losses came from two positions: an open spot holding of 25,002 ZEC with an unrealized loss of $3.26 million, and a closed long contract position of 18,910 ZEC on Hyperliquid, which resulted in a $2.58 million loss after ZEC dropped below $1,200. The trader had bought the spot tokens at an average price of $1,271 each over four days, and the contract was opened at $1,378 per token. Both positions were exposed to ZEC price declines, causing significant losses.

The story of a ZEC whale facing $5.84 million in losses after a 9% price drop is presented here alongside Pluang's market data for context. For readers following major cryptocurrencies, as of Nov 03, 2026 11:21 WIB, only 5 out of 50 major cryptocurrencies on Pluang rose while 44 fell. Among notable movers, AAVE dropped 7.45% to Rp2.266.461 with a typical hold time of 106 days, CRV fell 7.25% to Rp4.720 with a 62-day hold time, and MANA declined 6.36% to Rp1.281 with a notably long hold time of 157 days and 98% sell order activity.

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