🐋 ZEC whale up a massive $2.02M—will they take profits?
Unbelievable—a whale has held on to an unrealized gain of around $2.02M! Wallet 0xa183…0482 went long (betting on the price to rise) with a notional position of around $3.36M using 5x leverage. That means they only put up about $672.8K of their own money, and are now up more than 3x!
Looking at these unrealized gains, I wonder what the whale will do next. Will they take profits to lock in their gains, or keep holding while the price is around $1,327.5000? The liquidation price for this position is around $441.7031, meaning the price could fall another ~66.7% before liquidation—a fairly comfortable buffer.
This is clearly a very successful long trade. Personally, I think a whale holding such a large gain could have a positive psychological effect on the market, but there’s also a chance they could take profits unexpectedly.
For informational purposes only, not investment advice. DYOR.
#ZEC $ZEC
Unbelievable—a whale has held on to an unrealized gain of around $2.02M! Wallet 0xa183…0482 went long (betting on the price to rise) with a notional position of around $3.36M using 5x leverage. That means they only put up about $672.8K of their own money, and are now up more than 3x!
Looking at these unrealized gains, I wonder what the whale will do next. Will they take profits to lock in their gains, or keep holding while the price is around $1,327.5000? The liquidation price for this position is around $441.7031, meaning the price could fall another ~66.7% before liquidation—a fairly comfortable buffer.
This is clearly a very successful long trade. Personally, I think a whale holding such a large gain could have a positive psychological effect on the market, but there’s also a chance they could take profits unexpectedly.
For informational purposes only, not investment advice. DYOR.
#ZEC $ZEC