Bitcoin profits were not enough to cover the short losses $ZEC
According to the circulating update, a wallet attributed to Garrett Jin is facing an unrealized loss of about $18.36 million on a short position of 32,760 $ZEC , with a value of approximately $32.9 million.
• Average entry: $444.
• Price at the time of the update: $1,004.
• Estimated liquidation price: $2,609.8.
In contrast, a long position of 1,330 BTC is generating floating profits of about $5.15 million, leaving the combined unrealized loss of the two positions at $13.21 million.
These figures do not mean that liquidation has occurred, but they serve as a reminder that the size of a wallet does not guarantee the correctness of the bet, and that copying whales without knowing their ability to absorb losses can be costly.
Are whale moves information for analysis or a signal to enter?
#ZEC #Bitcoin
ZECUSDT
According to the circulating update, a wallet attributed to Garrett Jin is facing an unrealized loss of about $18.36 million on a short position of 32,760 $ZEC , with a value of approximately $32.9 million.
• Average entry: $444.
• Price at the time of the update: $1,004.
• Estimated liquidation price: $2,609.8.
In contrast, a long position of 1,330 BTC is generating floating profits of about $5.15 million, leaving the combined unrealized loss of the two positions at $13.21 million.
These figures do not mean that liquidation has occurred, but they serve as a reminder that the size of a wallet does not guarantee the correctness of the bet, and that copying whales without knowing their ability to absorb losses can be costly.
Are whale moves information for analysis or a signal to enter?
#ZEC #Bitcoin
ZECUSDT
