A trader is currently shorting ZEC valued at $48.47 million while using 10x leverage, which results in a significant position in the market. The trader is benefiting from the current market conditions, as indicated by an unrealized gain of $3.36 million. This strategy reflects a speculative approach, leveraging borrowed funds to increase potential returns. Such high leverage can amplify both gains and risks, underscoring the volatility inherent in cryptocurrency trading. Traders often employ similar strategies to capitalize on market movements.
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