According to the on-chain analytics platform Lookonchain (@lookonchain), the trader who "shorted 255 BTC" has opened a 10x long position on ZEC, earning a total profit of $14.69 million. Current holdings include: 1,331 BTC ($123 million), 22,828 ETH ($72.16 million), 232,187 SOL ($33.09 million), 42,498 ZEC ($17.53 million), and 6.63 million XRP ($13.93 million).
Whale Takes 10x Long Position on ZEC, Earning $14.69M Profit
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Summary
A whale executed a 10x long position in ZEC through position trading, securing a $14.69 million profit. The trader had previously shorted 255 BTC. Current holdings include 13,310 BTC ($123 million), 22,828 ETH ($72.16 million), 232,187 SOL ($33.09 million), 42,498 ZEC ($17.53 million), and 6.63 million XRP ($13.93 million). Position sizing appears to be a key factor in the whale's strategy.
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