$ZEC $DEXE
Whale Deposits 2.46 Million USDC To DEX To Short ZEC With 3x Leverage
On Dec 15, onchain data recorded a notable bearish bet against ZEC on a DEX.
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šø A large investor deposited 2.46 million USDC into a DEX platform. This capital was not used to Long but served as collateral to open a Short position on ZEC.
šø Using 3x leverage, the total value of this Short position is estimated at approximately $7.38 million.
šø The fact that a whale brings funds to a DEX to Short a privacy coin like ZEC suggests they have careful preparation and strong conviction that the price will drop.
When seeing a $7 million Short targeting ZEC, would you stay away from this coin or look for a Short Squeeze to go against the whale?
News is for reference, not investment advice. Please read carefully before making a decision.ššš
