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A certain whale address shorted 4,574.87 ZEC after the market rebound, while also opening a 20x long order on BTC.
On November 23, according to Lookonchain monitoring, trader 0x152e closed their ZEC long positions yesterday, incurring a loss of $846,000. Just as ZEC was rebounding, the trader built a reverse position in the past 40 minutes: shorting 4,574.87 ZEC (worth $2.66 million) with 5x leverage. At the same time, they established a BTC long position with 20x leverage, with a position size of 367.36 Bitcoins (worth $31.63 million).