BTC exchange rate traders have finally started to act on altcoins

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CoinNetwork
Bitjee News: A whale opened a new ZEC short position on the HyperLiquid platform, with an initial position size of 1,483.51 ZEC, an opening price of $671.66, the current coin price at $675.87, a liquidation price of $6,619.36, and a holding size of approximately $1,002,659.90. This whale has long relied on downward market oscillations to profit by going long on BTC and altcoin exchange rates. Currently, it is going long BTC with a total size of $50 million, while shorting HYPE, with total profit over the full cycle exceeding $37 million.
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