ZEC/BTC Exchange Rate Retreats After Reaching New High: 「BTC Whale OG Insider」 Shorts Rate, Nets $920,000 in Profit, While Counterparty Faces Net Loss of $2.55 Million

BlockBeats News, May 26th, according to Hyperinsight Monitoring, the ZEC/BTC exchange rate recently hit a new all-time high. It surged to a peak on May 20th and continued to hit a new high of 0.00895 on May 23rd.

During this period, two major whales on Hyperliquid completed their positions, holding completely opposite directional "ZEC/BTC exchange rate" combination positions, both exceeding $70 million, currently acting as counterparties. The specific positions are as follows:

"BTC OG Insider Whale" (position established on May 22nd):

- BTC Long (5x leverage): $38.6 million in size;

- ZEC Short (3x leverage): $34.6 million in size;

- Expectation: BTC outperforming ZEC (i.e., ZEC/BTC exchange rate decreasing);

- Current net profit: +$920,000.

"Trader Evaded" (position established on May 24th):

- BTC Short (40x leverage): $40.2 million in size;

- ZEC Long (5x leverage): $32.2 million in size;

- Expectation: ZEC outperforming BTC (i.e., ZEC/BTC exchange rate increasing);

- Current net loss: -$2.55 million.

After reaching its peak on May 23rd, the ZEC/BTC exchange rate immediately fell back, with a nearly 24-hour decline of 7.76%, now trading at 0.00788. In this market situation, the "BTC OG Insider Whale" combination position took profits by anticipating the direction early, while the later-entering "Trader Evaded" coincidentally positioned against the high point of the exchange rate and is currently under significant pressure.

Address: 0x92ea19eceb7a8de0f50978a1583a5d8b018050e9

Address: 0x86523927bffeafe2e532f0218feb1f3c29f6120d

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