ZEC fell about 9% today
One trader got hit on both spot and futures
According to Ember
A whale holding both spot and futures long positions
has lost about $5.84 million in total
Spot side
Spent about $31.78 million over the past 4 days to buy 25,002 coins $ZEC
Average price: about $1,271
Unrealized loss: about $3.26 million
Futures side
Opened a long position of 18,910 coins on Hyperliquid at about $1,378
Closed the entire position at a stop-loss after ZEC fell below $1,200
Futures loss: about $2.58 million
Couldn't hold on to the spot position
Couldn't hold on to the futures position either
When both sides blow up at once
the drawdown isn't linear
$ZEC $BTC
#ZEC巨鲸 #合约止损 #On-chain monitoring
One trader got hit on both spot and futures
According to Ember
A whale holding both spot and futures long positions
has lost about $5.84 million in total
Spot side
Spent about $31.78 million over the past 4 days to buy 25,002 coins $ZEC
Average price: about $1,271
Unrealized loss: about $3.26 million
Futures side
Opened a long position of 18,910 coins on Hyperliquid at about $1,378
Closed the entire position at a stop-loss after ZEC fell below $1,200
Futures loss: about $2.58 million
Couldn't hold on to the spot position
Couldn't hold on to the futures position either
When both sides blow up at once
the drawdown isn't linear
$ZEC $BTC
#ZEC巨鲸 #合约止损 #On-chain monitoring