whale short position
A whale has taken a short position with 10x leverage on approximately $21.43 million worth of ZEC, resulting in an unrealized loss of $1.177 million. The decision to go short indicates a bearish outlook on the asset. Leveraging at such a high rate can amplify both potential gains and losses, which is evident in this case. The current market conditions for ZEC have likely influenced the whale’s strategy, leading to significant financial exposure. As the situation develops, the whale’s unrealized loss may change depending on market fluctuations.
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