🚨 Whale with a ~$5.4 million position is nearing liquidation!
A long position worth approximately $5.4 million from wallet 0x58f0…0d20 is at risk of liquidation. With 10x leverage, this whale is down nearly $562,000.
What’s notable is that the liquidation price is only about 5.4% away from the current price, at $1,071.9930. Despite the position’s large size, the actual margin is only about $539,700, so it would take just a slight further drop in price $ZEC for this position to get "rekt."
Do you think the whale will cut their losses or try to hold on until the end?
For informational purposes only, not investment advice. DYOR.
#ZEC #long
A long position worth approximately $5.4 million from wallet 0x58f0…0d20 is at risk of liquidation. With 10x leverage, this whale is down nearly $562,000.
What’s notable is that the liquidation price is only about 5.4% away from the current price, at $1,071.9930. Despite the position’s large size, the actual margin is only about $539,700, so it would take just a slight further drop in price $ZEC for this position to get "rekt."
Do you think the whale will cut their losses or try to hold on until the end?
For informational purposes only, not investment advice. DYOR.
#ZEC #long
