Whale bets against $ZEC 🐋
One of the whales deposited 2.46 million dollars of currency $USDC on the HyperLiquid platform and opened a short position with a leverage of 3× on ZEC, indicating a strong conviction of a price drop.
This move reflects expectations of a near-term weakness, or a correction resulting from a specific catalyst in the price of Zcash.
👀 Eyes are now on ZEC price movement: if volatility increases, this trade could quickly lead to increased selling pressure.
