Zcash News Update: ZEC Price Swings Cause Crypto Whale to Lose $1.17 Million on 10x Short
- A crypto whale's 10x short position on Zcash (ZEC) incurred $1.17M losses as prices fell below $360, triggering partial liquidations. - ZEC's volatility highlights risks in leveraged trading, with lower-cap assets facing manipulation and liquidity crises at platforms like Hyperliquid. - Whale activity intensified as Ethereum whales repositioned $1.39B and $5M in tokens amid regulatory uncertainties and market turbulence. - Leveraged ZEC positions show extreme duality: one whale's $8.28M unrealized gain c
A large investor has opened a heavily leveraged short bet on
The short position, worth $21.43 million, was
This aggressive shorting of ZEC has occurred alongside broader market instability, including a $4.9 million bad debt event at Hyperliquid, a decentralized exchange (DEX) that has repeatedly been the focus of manipulation attempts. The DEX’s liquidity provider (HLP) recently
The ZEC short also mirrors a wider pattern of whale activity in the digital asset space.
ZEC’s price has experienced significant volatility. The token has undergone sharp fluctuations lately, with traders using both long and short leverage to profit from its movements. The largest ZEC short on Hyperliquid, controlled by address 0xd47, has
The difficulties faced by the ZEC short come as institutions and analysts remain wary of the overall crypto sector. Hyperion DeFi, a publicly listed company with major HYPE holdings,
As the crypto industry contends with regulatory pressures and economic challenges, leveraged trades like the ZEC short highlight the risks involved. The ongoing interplay between whale maneuvers, market manipulation, and liquidity issues continues to shape the sector’s volatility, with both retail and institutional participants preparing for more market swings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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