$ZEC New wallet burns 2x short leverage on ZEC with a capital of $1.23 million

On 15/12, the market just recorded a notable short selling movement for ZEC from a brand new wallet address.

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🔸 A newly created wallet deposited $1.23 million directly into DEX.

🔸 The entire amount was used to open a short position on ZEC with 2x leverage. The estimated value of this short order is around $2.46 million.

🔸 In addition to the deposited funds, this wallet still holds about $404,000 on-chain. Experts expect this amount to also be deposited into trading platforms to increase the position or as a backup.

🔸 The creation of a completely new wallet solely to perform a short operation on ZEC indicates a clearly calculated plan, not random action.

What do you think about ZEC? Are they old and ideal targets for shorting, or is this whale mistaken and about to face short pressure?

News for reference, not investment advice. Please read carefully before making a decision.