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MempoolNomad

3x leverage short ZEC + 5x leverage long BTC—a typical bet on ZEC that underperforms the market, but with leverage stacked this high, even a small move would probably liquidate you.

ZEC2.2%
BTC0.79%
View Original
BlockBeatNews
"BTC OG Insider Whale" Shorts 57k ZEC, Unrealized Losses Reach $1.9 Million
BlockBeats News, May 25th, according to Coinbob's hot address monitoring, the "BTC OG insider whale" associated address is currently holding a ZEC short position with 3x leverage, holding 57.4k ZEC, worth approximately $37.88 million, with an average entry price of $626.4. Due to the weekend's rise in ZEC price, this short position has an unrealized loss of $1.9 million.



It is worth noting that this address also holds an equivalent size of BTC long positions with 5x leverage, with an average entry price of $77,394, currently with a slight unrealized loss of $80k. This position structure may indicate a ZEC/BTC spread trade (expecting ZEC to weaken relative to BTC).



Additionally, in the spot holdings, the whale has accumulated approximately 148k coins.
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