🐋 ZEC whale sitting on $1.88M in profit—will they take profits?
A massive ~$4.84 million long position (buying with the expectation that the price will rise) is sitting on ~$1.88 million in unrealized profit. The wallet address 0xdd7a…8830 has me very curious about what it’ll do next.
The position uses ~10x leverage, meaning it only requires ~$484.3K in margin. The whale’s liquidation price is ~$133.9143, nearly 90% below the current price of ~$1,325.4000. That’s a fairly safe level for a long position right now.
Seeing such a large profit, I can’t help wondering whether the whale will keep holding or take profits soon to lock in the gains. The market has been pretty quiet, with 0% volume over the past 24 hours, but this whale’s moves could still bring a surprise. If you were in this position, what would you do?
For informational purposes only, not investment advice. DYOR.
#ZEC #BinanceAI $ZEC
A massive ~$4.84 million long position (buying with the expectation that the price will rise) is sitting on ~$1.88 million in unrealized profit. The wallet address 0xdd7a…8830 has me very curious about what it’ll do next.
The position uses ~10x leverage, meaning it only requires ~$484.3K in margin. The whale’s liquidation price is ~$133.9143, nearly 90% below the current price of ~$1,325.4000. That’s a fairly safe level for a long position right now.
Seeing such a large profit, I can’t help wondering whether the whale will keep holding or take profits soon to lock in the gains. The market has been pretty quiet, with 0% volume over the past 24 hours, but this whale’s moves could still bring a surprise. If you were in this position, what would you do?
For informational purposes only, not investment advice. DYOR.
#ZEC #BinanceAI $ZEC