BlockBeats News, September 4th. According to TradingBeats data, the ZEC price was around $1011.9, showing a 24-hour increase of about 21.7%, with an intraday high of $1031.1. As the $1000 mark was breached, the first batch of short positions that had been pressuring the price near the whole number mark were liquidated.

Between 16:53 and 16:54, three addresses, 0xec0, 0x9663, and 0x7b12, were successively liquidated for 3213.05 ZEC in short positions, totaling approximately $3.27 million, with a combined realized loss of about $204,700.

Among them, the 1563.99 ZEC short position of 0xec0 was first partially liquidated in two transactions by the system, with an average execution price of around $1015.72, resulting in a buy-back of about $1.589 million. Subsequently, 0x9663 and 0x7b12 were liquidated for approximately $944,500 and $736,800, respectively.

However, two whales are also facing greater pressure:

Currently, addresses 0x9311 and 0xf206 still hold a combined short position of about $6.77 million in ZEC, with an unrealized loss of around $808,000. The estimated liquidation prices for the two are $1041.32 and $1043.99, respectively. Based on the previous high of $1031.1, they were once only about $10 to $13 away from the liquidation prices, less than 1.3%.

Specifically, 0x9311 did not reduce its position during the price rally but instead continued to add to its short position with 773.04 ZEC at a recent price of $969.36, expanding its total short position to 3773.08 ZEC, worth about $3.818 million. Consequently, the liquidation price shifted from around $1071.8 to $1041.32. On the other hand, 0xf206 still holds 2916.22 ZEC in short positions, valued at around $2.951 million, with a liquidation price of about $1043.99.