๐ŸšจOn-chain Anomaly Monitoring: ZEC Bull Whale "Cuts Losses and Surrenders," Three Major Whales Close Long Positions with a Loss of $1.5 Million!


Just now, on-chain monitoring detected three ZEC bull whales collectively 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 leftmost column is the total data):
๐Ÿ“Š Total Holdings: $49.2654 million
ยท Long Positions: $20.2455 million
ยท Short Positions: $29.02 million (shorts are dominant)
๐Ÿ’ฐ Total Margin: $6.6661 million
ยท Long Margin: $3.3108 million
ยท Short Margin: $3.3553 million (shorts slightly higher)
๐Ÿ“ˆ Total Profit and Loss: $3.0554 million
ยท Long P&L: -$90.5k (slightly losing overall, excluding the $1.5 million loss from whale liquidation)
ยท Short P&L: +$3.1459 million
๐Ÿ’ธ Total Funding Fees: -$124.9k
ยท Long Funding Fees: -$72.3k
ยท Short Funding Fees: -$52.6k
Analysis:
Overall, whales are actually short-biased (short positions $29.02 million > long $20.2455 million), with short-term unrealized gains of up to $3.1459 million.
At this moment, three bull whales are cutting losses and closing longs with a $1.5 million loss, indicating internal disagreement among bulls.
Next, keep an eye on these whalesโ€”will they turn short again? That would accelerate the decline.
$ZEC
ZEC-3.99%
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