Lookonchain
A wallet tagged 0x535e opened a 10x leveraged long on 17,137 $ZEC, roughly $9.57M in notional exposure, over a three-hour window. The position carries a liquidation price of $537.56, and the trader has layered take-profit limit orders between $545.19 and $740.37.
At the upper end of that range, a fill at $740.37 would deliver about $7.6M in profit. The structure is textbook breakout positioning: tight downside defined by the liquidation line, upside staggered across multiple targets rather than a single exit. With the $537 floor roughly 6% below the implied entry zone, the trade needs ZEC to hold above that level to stay alive.
Why it matters
Single-wallet leveraged bets of this size on a mid-cap privacy token rarely move the market on their own, but they do telegraph positioning. A 10x long with a tight liquidation line is a momentum trade — the wallet is effectively betting that the next leg is up, not range-bound. The fact that the take-profit ladder runs as high as $740 (roughly 30% above the implied entry) signals conviction that the breakout extends well beyond a single daily candle.
Market impact
The $537 liquidation line is the level that matters for the broader trade. A flush to that price would wipe the position and likely add to intraday selling pressure. Conversely, a sustained push through the lower take-profit at $545 would likely trigger the wallet to start taking profit, potentially capping the next leg unless other flow steps in. Watch the $537 floor and the $545 / $740 zones — the wallet's own orders mark the chart for the next session.
Source: [HypurrScan Beta](https://hypurrscan.io/address/0x535e34b5ada64997afc88444271ae9b3f82b3867#perps)
Frequently asked questions
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What is wallet 0x535e betting on with this 10x ZEC long?
A 10x leveraged long on 17,137 ZEC with a $537.56 liquidation price. The wallet is positioning for a breakout above the implied entry zone, with take-profit orders stacked up to $740.37.
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Where is the liquidation price on this ZEC position?
$537.56. A move to that level would wipe the 10x long and likely add to intraday selling pressure on ZEC.
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How much profit does the wallet make if ZEC hits the top take-profit?
Roughly $7.6M if the highest take-profit order at $740.37 fills. The wallet placed staggered limit orders between $545.19 and $740.37 rather than a single target.
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Does a single wallet's leveraged bet move ZEC's price?
Not directly at this size, but the structure of the trade — tight liquidation, high-conviction upside targets — marks key chart levels other traders watch.
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What levels should traders watch around this ZEC position?
The $537.56 liquidation floor, the $545.19 lower take-profit, and the $740.37 upper take-profit. The wallet's own orders effectively draw the next session's support and resistance.
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