ME News reports that on September 4 (UTC+8), on-chain data shows that "BTC OG whale" Garrett currently holds a 2x leveraged short position on ZEC worth approximately $33.58 million, holding around 32,760 ZEC at an average entry price of about $444. With the current price at approximately $1,024.90, the unrealized loss amounts to about $19.03 million. Additionally, he holds a 3x leveraged long position on BTC worth approximately $108 million, with an unrealized profit of about $5.38 million. (Source: ODAILY)
BTC OG Whale's ZEC 2x Short Position Incurs $19.03M Floating Loss
KuCoinFlashShare
Summary
As of September 4 (UTC+8), BTC OG Whale Garrett’s ZEC trading strategy has incurred a $19.03 million floating loss. He holds a 2x short position of 32,760 ZEC, with an average entry price of $444 compared to the current price of $1,024.90. Meanwhile, his BTC position includes a 3x long position valued at $108 million, generating a $5.38 million profit. (Source: ODAILY)
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.