🚨On-chain Activity Monitoring: ZEC Bullish Whales "Cut Losses and Surrender," Three Major Whales Close Long Positions with a Loss of $1.5 Million!

Just now, on-chain monitoring detected three ZEC bullish whales collectively selling and closing long positions, with a total position value of $6 million, totaling a loss of $1.5 million. The most steadfast bulls are beginning to admit defeat and exit.

Let's look at the current overall holdings data of ZEC whales (the far-left is the total data):

📊 Total holdings: $49.2654 million

· Long positions: $20.2455 million

· Short positions: $29.02 million (shorts are dominant)

💰 Total margin: $6.6661 million

· Long margin: $3.3108 million

· Short margin: $3.3553 million (shorts slightly higher)

📈 Total profit and loss: $3.0554 million

· Long P&L: -$90.5k (slightly losing overall, excluding the $1.5 million loss from whales cutting losses)

· Short P&L: +$3.1459 million

💸 Total funding fee: -$124.9k

· Long funding fee: -$72.3k

· Short funding fee: -$52.6k

Analysis:

Overall, whales are actually short-dominated (short positions $29.02 million > long $20.2455 million), with short-term unrealized gains reaching $3.1459 million.

At this moment, three bullish whales are cutting losses and closing long positions with a loss of $1.5 million, indicating internal disagreement among bulls.

Next, keep an eye on these whales—will they turn short on the spot? That would accelerate the decline.

This article is an original analysis by "Haar H."

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