A whale that had held a short position in ZEC for half a month was forced to close the trade at $1,548, according to monitoring by on-chain analyst Ember. The closed position was worth $24.43 million, and the trade resulted in a $10.68 million loss. Ember’s monitoring also showed that the trader had posted a 79% win rate before this liquidation-driven exit. Since June, the whale had accumulated total profits of $9.11 million. The latest loss marks a sharp reversal for an address that had previously maintained a strong hit rate and remained profitable on a cumulative basis over the period cited.
According to ChainCatcher, on-chain analyst Ember said a whale that had held a ZEC short for half a month was forced to close the position at $1,548.
The ZEC short was valued at $24.43 million, and the trade ended with a loss of $10.68 million.
Ember’s monitoring showed the whale had previously recorded a 79% win rate. Since June, the trader had accumulated $9.11 million in total profit.
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