BlockBeats News, September 7 — After ZEC doubled, two early winners appear to have changed their minds simultaneously. The two addresses had a cost basis of only $620 to $636, with combined unrealized gains of approximately $5.73 million; yet this morning, within 84 seconds of each other, they set take-profit orders above $14.21 million, with their latest exit levels nearly overlapping with the upside targets recently signaled by the market for ZEC.

According to TradingBeats monitoring, the two addresses placed a total of 200 "reduce-only" sell orders around the $1,300 to $1,500 range, with a notional value of approximately $14.21 million, covering nearly their entire existing ZEC positions.

The address starting with 0x634f holds 6,010 ZEC at a cost price of $636, with current unrealized gains of approximately $3.348 million. At 01:43 today, it laid out 100 reduce-only sell orders between $1,298 and $1,498, planning to sell 6,010 ZEC, with an order value of approximately $8.402 million, essentially covering its full position.

About 84 seconds later, the address starting with 0xa516 also mapped out nearly the same exit path: it currently holds 4,151 ZEC at a cost price of $620.7, with unrealized gains of approximately $2.378 million, and placed 100 reduce-only sell orders between $1,299 and $1,499, planning to sell 4,151 ZEC, with an order value of approximately $5.807 million.

Their combined take-profit plan of roughly $14.209 million is concentrated between $1,300 and $1,500, approximately 8.8% to 25.6% above the current price. If fully executed, the existing positions of these two early bulls would be nearly cleared.

These two early bulls are not appearing with highly synchronized trading patterns for the first time. Historical orders show that the two addresses have previously split trades in ETH, HYPE, and SOL multiple times at similar times and price ranges, with their operational rhythm showing suspected correlations over an extended period.

This latest move on ZEC again shows a similar pattern. Both addresses laid out large take-profit orders in advance yesterday, originally planning to exit in batches around the $1,400 to $1,600 range; this morning, they successively canceled the original orders and nearly simultaneously shifted their entire profit-taking zone down to approximately $1,300 to $1,500.

It is noted that this price band happens to overlap with upside targets from recent crypto research and technical analysis platforms. On September 4, the bullish scenario midpoint of CryptoSlate's latest model was approximately $1,333 (range around $1,216–$1,622); CoinEdition's September 4 analysis summary pointed to a potential target of approximately $1,292.

Nine months ago, CoinGabbar listed $1,500 as the primary target after breaking above $1,000; Grayscale's most conservative 2% BTC market cap scenario further pointed to $1,622.