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A whale bets against $ZEC ๐
One of the whales deposited 2.46 million dollars worth of $USDC into the HyperLiquid platform and opened a short position with a leverage of 3ร on ZEC, indicating a strong conviction of a price drop.
This move reflects expectations of near-term weakness or a correction resulting from a specific trigger in the price of Zcash.
๐ All eyes are now on the price movement of ZEC: if volatility increases, this trade could quickly lead to increased selling pressure.
