Bitcoin Whale Opens ZEC Short After $97M BTC Liquidation, Holding a $19M Position with $2.4M Unrealized Profit

COINOTAG News, on November 19, cites on-chain insights from CoinBob AI, noting that a prominent BTC whale address (0x7b7) that previously faced a $97 million liquidation reentered the market by opening a ZEC short yesterday and later partially rolling the position, leaving an unrealized gain of about $2.4 million (roughly 134%) with a ~ $19 million exposure.

Near-term readings show liquidation triggers at approximately $683 against a current quote near $655, with average entry often clustered between $661 and $666, underscoring a cautious stance amid ongoing volatility in BTC.

The involved address is linked to major players on Roobet and Stake.com who untangled a $7 million transfer to Hyperliquid on November 6, signaling aggressive risk-taking; on November 17 the same trader endured a BTC short liquidation approaching $97 million in a single event.

Analysts observe that the three largest Hyperliquid vessels, each around $20 million in notional, posted liquidation levels in the $653–$655 corridor, with average entry readings spanning $621–$661, and all are new-position entrants from the previous session.