Whale Adds to ZEC Long on Each Dip; 5x Position Shows $3.5 Million Loss
A whale holds a ZEC long position worth about $18.5 million, with an unrealized loss of about $3.5 million. According to Odaily, Hyperbot data shows the trader added to the 5x leveraged position as ZEC fell, buying near $1,170, $1,030, $970 and $904 yesterday morning, and adding funds to maintain the position during the decline. The trader reduced the long by 2,000 ZEC about four hours ago. A drop to about $762 would put the position at risk of liquidation.