「BTC OG Insider Whale」 Shorts 57,000 ZEC, Faces $1.9 Million Unrealized Loss

BlockBeats News, May 25th, according to Coinbob Popular Address Tracker, the 「BTC OG Insider Whale」 associated address is currently holding a 3x leveraged ZEC short position, with a position of 57,400 ZEC, worth approximately $37.88 million, with an average entry price of $626.4. Due to the weekend's ZEC price surge, this short position is currently at a floating loss of $1.9 million.

Of note, the same address simultaneously holds a 5x leveraged BTC long position of the same scale, with an average entry price of $77,394, currently experiencing a small floating loss of $80,000. This position structure may indicate a ZEC/BTC spread trade (expecting ZEC to weaken against BTC).

Additionally, in spot positions, this whale has accumulated approximately 148,000 HYPE, worth around $9.12 million.

Address: 0x92ea19eceb7a8de0f50978a1583a5d8b018050e9