On-chain data shows that the Bitcoin OG whale Garrett holds a 2x leveraged short position in Zcash (ZEC) valued at $33.58 million, with 32,760 ZEC opened at an average price of $444. The current ZEC price of $1,024.9 has resulted in an unrealized loss of $19.03 million. Additionally, Garrett holds a 3x long position in Bitcoin worth $108 million, which is currently showing an unrealized gain of $5.38 million.
Odaily’s on-chain data shows Bitcoin OG whale Garrett is sitting on a 2x leveraged short in Zcash (ZEC) worth about $33.58 million. The trade covers 32,760 ZEC, entered at an average price of $444. ZEC is now at $1,024.9. Bad spot to be in. That leaves the position carrying an unrealized loss of roughly $19.03 million. And there’s another side to his book: Garrett also holds a 3x leveraged long in Bitcoin (BTC) valued near $108 million, and that one is in the green with an unrealized gain of $5.38 million.
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