Trader fluffysnow opened a 5x leveraged long position in 8,469.64 ZEC on Hyperliquid at an average price of $1,322.49, valuing the trade at $11.66 million. The position had generated an unrealized profit of $487,000 and ranked as the seventh-largest ZEC long on the platform. ZEC liquidations totaled $57.36 million over the past 24 hours, second only to Bitcoin and ETH. A leveraged long is a position that uses borrowed funds to amplify exposure to an asset's price rise.