A new wallet has opened a Short position on ZEC with 2x leverage, capital of 1.23 million USD

On December 15th, the market recorded a notable Short position on ZEC from a completely new wallet address.

---

🔸 This new wallet has directly deposited 1.23 million USD USDC into the DEX.

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

🔸 In addition to the deposited amount, this wallet also holds approximately 404,000 USD on-chain. Experts predict that this amount could be further deposited into trading platforms to increase position size or serve as margin collateral.

🔸 The creation of a new wallet solely for Shorting ZEC indicates a clearly calculated plan, not a random action.

What do you think about ZEC? Is it outdated and an ideal target to Short, or has this "whale" made a mistake and is about to face a Short Squeeze? 🐳

The news is for informational purposes only and is not investment advice. Please read carefully before making any decisions.

$ZEC