Total profits are approximately $142 million; an address added about $10.78 million in ZEC short positions.
Large-investor moves are commonly interpreted in three ways:
① Long term: positioning by quarter, with little concern for short-term price movements;
② Rebalancing: adjusting allocations, which doesn't necessarily indicate a bearish outlook;
③ Trading: a short-term move that can come and go quickly.
This move seems closer to ①, providing more support for the price than a boost.
$ZEC latest: 1286.2, 24h +11.89%.
Large-investor moves are commonly interpreted in three ways:
① Long term: positioning by quarter, with little concern for short-term price movements;
② Rebalancing: adjusting allocations, which doesn't necessarily indicate a bearish outlook;
③ Trading: a short-term move that can come and go quickly.
This move seems closer to ①, providing more support for the price than a boost.
$ZEC latest: 1286.2, 24h +11.89%.
