🐋 ZEC whale shorting ~$10M is down a shocking $7.57M!
🚨 An on-chain short position held by wallet 0xad59…ba81 is sitting on a massive loss of ~$7.57M. With a notional size of ~$10.36M and 10x leverage, the liquidation price is still about 74.6% away from the current price of ~$1,230.0000. That means if the price rises just a bit more, this position could be wiped out, along with its entire initial margin. The imminent risk of liquidation is putting enormous pressure on this whale. If it were you, would you cut your losses or hold on until the end?
For informational purposes only; not investment advice. DYOR.
#ZEC $ZEC
🚨 An on-chain short position held by wallet 0xad59…ba81 is sitting on a massive loss of ~$7.57M. With a notional size of ~$10.36M and 10x leverage, the liquidation price is still about 74.6% away from the current price of ~$1,230.0000. That means if the price rises just a bit more, this position could be wiped out, along with its entire initial margin. The imminent risk of liquidation is putting enormous pressure on this whale. If it were you, would you cut your losses or hold on until the end?
For informational purposes only; not investment advice. DYOR.
#ZEC $ZEC