A whale opened a ZEC short at $330, selling 8,425 coins for a position worth over $10 million, with a liquidation price of $2,153.
They’re now sitting on an unrealized loss of over $7 million.
The most interesting part is that they haven’t bailed. They’ve held on all the way up from $330. There have been plenty of chances to admit defeat, but they’ve stayed put. An unrealized loss isn’t a realized loss—this is the scenario they chose for themselves.
But don’t mistake “having the guts to hold” for being right. Someone can hold a position worth tens of millions because they can afford to; the same volatility would have liquidated a smaller position long ago. It’s fine to watch, but don’t copy the trade. $ZEC #ZEC
They’re now sitting on an unrealized loss of over $7 million.
The most interesting part is that they haven’t bailed. They’ve held on all the way up from $330. There have been plenty of chances to admit defeat, but they’ve stayed put. An unrealized loss isn’t a realized loss—this is the scenario they chose for themselves.
But don’t mistake “having the guts to hold” for being right. Someone can hold a position worth tens of millions because they can afford to; the same volatility would have liquidated a smaller position long ago. It’s fine to watch, but don’t copy the trade. $ZEC #ZEC