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BTC OG Whale Opens 57.4K ZEC Short at 3x Leverage, Faces $1.9M Floating Loss on May 25

GateNews
BTC0.17%
ZEC3.39%
HYPE0.12%

According to BlockBeats citing Coinbob address monitoring, on May 25, a whale address associated with "BTC OG insider" opened a ZEC short position with 3x leverage, holding 57,400 ZEC worth approximately $37.88 million at an average entry price of $626.4. The position recorded a $1.9 million floating loss due to rising ZEC prices over the weekend.

The whale simultaneously maintains a 57,400 BTC long position at 5x leverage with an average entry price of $77,394, currently showing a modest $800,000 floating loss. Additionally, the address has accumulated approximately 148,000 HYPE tokens worth around $9.12 million in spot holdings.

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