ZEC drops 6% in the short term, sparking a battle between bulls and bears. On-chain, the largest long position in ZEC and the "altcoin short army leader" both significantly increased their holdings.

2026-01-08 05:29:50

Abstract generation in progress

BlockBeats News, January 8 — According to Coinbob’s popular address monitoring, the ZEC price temporarily dropped 6.4%, hitting a low of $449 before rebounding to around $465. During this fluctuation, the largest ZEC long whale on Hyperliquid (0x152) saw their position turn from profit to loss, then decisively added to their position around $459 to do T, increasing their holdings by 2,486 ZEC (approximately $1.14 million) within 10 minutes. Over the past 20 hours, they have accumulated a total long position of 9,871 ZEC (about $4.54 million). Currently, this whale holds a 10x leveraged ZEC long position worth approximately $12.35 million, with an average price of $463.

According to Coinbob monitoring, the “ZEC largest short whale” is still in a floating loss, having not adjusted their ZEC short position recently. The current position size is about $17.48 million, with an average price of $419, and a floating loss of $1.64 million (47%). Meanwhile, the “Altcoin Air Force Leader” has continued to increase their ZEC short position over the past few hours, now holding a ZEC short position worth $2.08 million, and still adding to their position.

ZEC-4,49%

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