🚨 Whale short $7.98M, down $5.19M!
It’s nerve-racking to see wallet 0xad59…ba81 holding a massive ~$7.98M short position, and now “down” ~$5.19M on paper! 🤯 This is a 10x leveraged position, meaning that if the price rises another ~130.9%, it will be liquidated (the account will be wiped out). Despite the large notional value, the actual margin is only around ~$798.0K.
The pressure on the short sellers must be intense. If keeps pushing the price up, the risk of liquidation for this whale is real. The short sellers are holding on tight—can they survive?
Where do you think will go in this situation?
For informational purposes only, not investment advice. DYOR.
#ZEC $ZEC
It’s nerve-racking to see wallet 0xad59…ba81 holding a massive ~$7.98M short position, and now “down” ~$5.19M on paper! 🤯 This is a 10x leveraged position, meaning that if the price rises another ~130.9%, it will be liquidated (the account will be wiped out). Despite the large notional value, the actual margin is only around ~$798.0K.
The pressure on the short sellers must be intense. If keeps pushing the price up, the risk of liquidation for this whale is real. The short sellers are holding on tight—can they survive?
Where do you think will go in this situation?
For informational purposes only, not investment advice. DYOR.
#ZEC $ZEC
