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A “liquidation ghost” has just returned to the ZEC market.
According to on-chain analyst Ai Yi, the infamous whale wallet “1011” previously liquidated for nearly $230 MILLION, has suddenly re-entered the market with a fresh SHORT position on ZEC.
And this time…
The whale came back with a 3x leveraged short worth approximately $1.26M.
But that wasn’t all.
Roughly $1.22M worth of ZEC was also dumped shortly afterward
The move immediately sent tension across the market.
Because this is no longer just another short position…
It is a signal that a whale who already survived one of the biggest liquidation events is still betting aggressively on downside continuation.
Short-term sell pressure on ZEC could intensify
Market liquidity may become extremely unstable
Funding rates and long/short positioning could shift rapidly
What worries traders most is that ZEC is currently sitting in a highly sensitive liquidity zone after its recent explosive rally.
It may only take:
- One major support breakdown
- Or a chain reaction from leveraged positions
…to trigger a violent liquidity sweep across the market.
Now, all eyes are locked on wallet “1011”.
Is this:
- The beginning of a larger correction?
Or…
- Another massive bear trap waiting to liquidate shorts once again?
The liquidity war around ZEC may only be getting started.
#HYPEShortSqueeze $HYPE $ZEC
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