Here’s a concise breakdown of the situation:
1. What Happened: #News_update❤️
Trader 0x152e closed a long position on $ZEC (Zcash) with a significant loss of $846,000.
After ZEC rebounded, the trader quickly switched strategies and opened a 5x leveraged short position on 4,574.87 ZEC (worth about $2.66 million).
Simultaneously, the trader opened a 20x leveraged long position on 367.36 $BTC (roughly $31.63 million).
2. What This Means:
The trader is now betting that ZEC’s recent rebound will not last and expects its price to fall.
At the same time, the trader shows strong conviction in Bitcoin’s strength, expecting BTC’s price to rise.
This is a high-risk, high-conviction move, shifting focus from altcoins to Bitcoin.
3. Market Implications:
Such aggressive position changes by large traders can influence market sentiment and volatility.
The outcome will depend on how $ZEC and BTC prices move in the short term.
The market will quickly judge the success or failure of this bold strategy.
Date of Event: The main activity occurred around November 21, 2025.