ZEC Breaks Above $1,000, Forcing $3.27M in Short Liquidations

ZEC surged past the $1,000 mark on Sept. 4 (UTC+8), triggering a wave of forced short closures as liquidation levels clustered around the round-number threshold were hit. TradingBeats data cited by ME News shows ZEC changing hands near $1,011.90, up about 21.7% over the past 24 hours, after reaching an intraday peak of $1,031.10. Between 16:53 and 16:54, three addresses—0xec0, 0x9663, and 0x7b12—were liquidated on a combined 3,213.05 ZEC in short positions, worth roughly $3.27 million. Confirmed losses across the three totaled about $204,700. Address 0xec0 was liquidated first, with 1,563.99 ZEC closed by the system in two batches at an average execution price of around $1,015.72, representing about $1.589 million in value. Address 0x9663 was then liquidated for roughly $944,500, followed by 0x7b12 for about $736,800. Pressure is now building on two larger short holders. Addresses 0x9311 and 0xf206 together are short approximately $6.77 million of ZEC, with unrealized losses near $808,000. Their estimated liquidation prices are $1,041.32 and $1,043.99, leaving them about $10 to $13—less than 1.3%—from liquidation based on the prior high of $1,031.10. BlockBeats noted that 0x9311 did not trim exposure during the rally. The address recently added 773.04 ZEC shorts at $969.36, lifting its total short position to 3,773.08 ZEC, valued at about $3.818 million. Its liquidation price moved down from roughly $1,071.80 to $1,041.32. Address 0xf206 continues to hold 2,916.22 ZEC shorts worth about $2.951 million, with a liquidation price of $1,043.99. (Source: BlockBeats)