A whale panic-sold its ZEC long position, suffering a nearly $5 million loss after holding the position for two months

BlockBeats News, January 9th, according to OnchainLens monitoring, the ZEC price fell yesterday due to a collective resignation event, with a whale liquidating its ZEC long position out of panic, suffering a loss of approximately $4.9 million after holding the position for 67 days.

Shortly thereafter, the whale reopened a smaller ZEC long position with 10x leverage.