🐋 ZEC whale shorts ~$50M, sitting on nearly $9.3M in unrealized gains – peak or time to take profit?
It’s truly impressive to see an on-chain whale with the address 0x5b5d…c060 holding a short position with a notional value of up to ~$50.05M. Notably, they’re sitting on ~$9.26M in paper profits.
With ~3x leverage, the actual margin is only around ~$16.68M. This means that if the price moves another 245.7% against the position from its current level, it will be liquidated at ~$4,313.0020. That’s quite far from the current price, but the market is always full of surprises.
This is a lesson in risk management and trusting your own judgment. Will this whale take profits early or keep holding on for even bigger gains? If you were in a position with such large profits, what would you do?
For informational purposes only, not investment advice. DYOR.
#ZEC $ZEC
It’s truly impressive to see an on-chain whale with the address 0x5b5d…c060 holding a short position with a notional value of up to ~$50.05M. Notably, they’re sitting on ~$9.26M in paper profits.
With ~3x leverage, the actual margin is only around ~$16.68M. This means that if the price moves another 245.7% against the position from its current level, it will be liquidated at ~$4,313.0020. That’s quite far from the current price, but the market is always full of surprises.
This is a lesson in risk management and trusting your own judgment. Will this whale take profits early or keep holding on for even bigger gains? If you were in a position with such large profits, what would you do?
For informational purposes only, not investment advice. DYOR.
#ZEC $ZEC
