“BTC OG insider details” shorting ZEC and sitting on an unrealized loss of $11.10 million, placing a 2x full-position short on 328,000 ZEC. The position value is about $25.699 million. The average entry price is only $444.0, the return rate is about -153.4%, and the liquidation price is $2,550.7.
Honestly, if you’re going to open a 2x position, why bother with futures? Maybe the contract has existing short positions—buying spot and going long is better.
It seems that with a large capital pool, they’re still afraid of losing money. Aversion to losses is human nature for everyone.
Honestly, if you’re going to open a 2x position, why bother with futures? Maybe the contract has existing short positions—buying spot and going long is better.
It seems that with a large capital pool, they’re still afraid of losing money. Aversion to losses is human nature for everyone.