A new wallet opens a short position (Short) with 2× leverage on ZEC with a capital of $1.23 million 🐋
On 15/12, the market recorded a notable selling movement on ZEC through a completely new short position from a brand new wallet.
🔸 A new wallet was created that deposited $1.23 million in USDC directly into a decentralized exchange (DEX).
🔸 The entire amount was used to open a short position on ZEC with 2× leverage, and the total value of the position is estimated at around $2.46 million.
🔸 In addition to the deposited amount, the wallet still retains about $404,000 on-chain. Experts expect this amount to be deposited later to increase the size of the position or used as collateral.
🔸 Creating a new wallet specifically to open a short position on ZEC indicates a clearly thought-out plan and not a random act.
🤔 What do you think of $ZEC ?
Has it become an old coin and easy to target with short positions, or is this whale mistaken and could face a strong short squeeze?
📌 This news is for informational purposes only and is not investment advice. Please read and think carefully before making any decision.
