Zcash (ZEC) experienced a sharp price decline on Hyperliquid, falling from $1,199.20 to $965.79, about 19.5%, causing 27 of 32 large long-position addresses to go underwater with $23.74 million in unrealized losses. These 27 addresses held roughly 122,600 ZEC, worth about $121 million, representing 90.2% of large long positions and nearly 30% of ZEC perpetual open interest on the platform. Some accounts faced liquidations, including one holding 13,500 ZEC with a $3.27 million loss and others with smaller positions liquidated multiple times. This highlights significant risk and forced closures among large ZEC longs on Hyperliquid.
The story covers Zcash's large long positions facing losses. For readers following the cryptocurrency market, here is Pluang's market snapshot as of Nov 12, 2026 07:32 WIB: Of 50 major cryptocurrencies priced on Pluang, 18 rose and 31 fell. EOS gained 8.13% to Rp12.649, UNI dropped 6.52% to Rp112.996 with 75% sell order activity, and BAT fell 4.33% to Rp2.123 with 81% buy order activity.
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