Whales are making a big move, depositing $2.46 million to decisively short $ZEC

ZECUSDT

Perp

398.17

-2.04%

On chain data just recorded a massive bearish move targeting the privacy coin $ZEC

🔹 A whale with the wallet address 0x089fe... deposited 2.46 million USDC onto a decentralized exchange to open a short position in ZEC.

🔸 With leverage of x3 to increase the value of the short position to nearly $7.5 million, this shows the whale is making a big bet on a potential drop in ZEC price in the near future.

Is this a sign that $ZEC is about to collapse, or will the whales be liquidated in reverse?

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This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.