BTC OG Whale Shorts 57,000 ZEC, Facing $1.9 Million Loss
On May 25, according to Coinbob's popular address monitoring, the 'BTC OG Whale' associated address is currently shorting ZEC with 3x leverage, holding 57,400 ZEC valued at approximately $37.88 million, with an average entry price of $626.4. Due to the recent increase in ZEC prices over the weekend, this short position has incurred a floating loss of $1.9 million. Notably, this address also holds an equivalent long position in BTC with 5x leverage, with an average entry price of $77,394, currently facing a slight floating loss of $80,000. This position structure may indicate a ZEC/BTC spread trade (anticipating ZEC to weaken relative to BTC). Additionally, in spot positions, this whale has accumulated approximately 148,000 HYPE, valued at around $9.12 million. Address: 0x92ea19eceb7a8de0f50978a1583a5d8b018050e9
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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