A whale has reportedly lost $5.84 million after taking a long position on $ZEC using both spot and futures contracts

This could be the same whale I mentioned in yesterday's post😭

A risky combination of spot exposure and leveraged futures can lead to massive losses when the market moves in the wrong direction

Another reminder that even whales aren't immune to market volatility

Risk management always matters

Gooood luck Binance Fams 🙏