A prominent Bitcoin whale, known for significant market influence, is facing substantial losses on leveraged positions. The whale's address, tracked by Coinbob, shows a ZEC short position with 3x leverage, holding 57,400 ZEC valued at $37.9 million. This position is currently at an unrealized loss of $1.9 million due to a recent price increase in ZEC.
Additionally, the whale holds a BTC long position with 5x leverage, entered at an average price of $77,400, which is slightly underwater by $80,000. The whale has also acquired 148,000 HYPE tokens on the spot market, valued at approximately $9.12 million. The address involved is 0x92ea…050e9.
BTC Whale Faces $1.9M Loss on ZEC Short, BTC Long Slightly Underwater
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