Bitcoin OG whales keep raising their bets on $ZEC , unrealized losses getting bigger
According to on-chain data, Garrett Jin (known in the community as "Bitcoin OG 10/11") has just increased his 2x leverage Long position on ZEC to 46,013 ZEC, amounting to about 19.3 million USD. However, this position is currently showing a temporary loss of over 950,000 USD.
On top of that, this investor is still holding a 5x leverage Long position of 1,268 BTC, with unrealized losses surpassing 14.86 million USD.
The move to continue scaling up his position amidst market volatility shows this whale's strong confidence in the long-term outlook, especially for ZEC. However, utilizing high leverage also means high risk if the price trend continues to turn against him.$BTC
Investors are closely monitoring Garrett Jin's positions, as decisions made by large-scale "whales" often spark considerable debate and can significantly affect market sentiment.
According to on-chain data, Garrett Jin (known in the community as "Bitcoin OG 10/11") has just increased his 2x leverage Long position on ZEC to 46,013 ZEC, amounting to about 19.3 million USD. However, this position is currently showing a temporary loss of over 950,000 USD.
On top of that, this investor is still holding a 5x leverage Long position of 1,268 BTC, with unrealized losses surpassing 14.86 million USD.
The move to continue scaling up his position amidst market volatility shows this whale's strong confidence in the long-term outlook, especially for ZEC. However, utilizing high leverage also means high risk if the price trend continues to turn against him.$BTC
Investors are closely monitoring Garrett Jin's positions, as decisions made by large-scale "whales" often spark considerable debate and can significantly affect market sentiment.