Zcash Latest Updates: Calm Whale's Bold Move: Gains $4.8M Despite $4M ZEC Deficit
A well-known cryptocurrency trader, referred to as the "Cool-headed Whale," has reduced their short position in Zcoin (ZEC), yet the total unrealized losses across their short trades have
This trader is known for employing high-leverage, high-risk strategies. Earlier in the month, the same account suffered a $2.97 million loss after a $120 million
The "Cool-headed Whale" is no stranger to turbulent trading. In October, the trader closed out a $6.89 million BTC short and later made smaller profits by day trading BTC, ETH, and XRP. Their capital expanded from $3 million to more than $30 million within two months, drawing attention from market observers who have noted a tendency to "buy the dip" following significant losses
Elsewhere, broader market trends highlight the dangers of leveraged shorting. Another trader entered a $27 million XRP short with 20x leverage, coinciding with whale activity that drove nearly 42% of XRP’s supply into negative profit.
The ZEC market has also exhibited mixed signals. On November 23, a trader identified as 0x152e exited a ZEC long for an $846,000 loss, then switched to a 5x leveraged short of 4,574.87 ZEC ($2.66 million) while simultaneously opening a 20x BTC long valued at $31.63 million, underscoring the sector’s intense volatility.
Despite these challenges, the "Cool-headed Whale" still holds a total profit of $4.8 million from trading, though their ZEC and BTC shorts remain vulnerable to market fluctuations. The trader’s approach mirrors a broader movement among both institutional and retail participants who use derivatives to speculate on crypto price directions, even as liquidation events become more common amid sharp price changes.
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.
You may also like
Skepticism Grows as Monad's Much-Anticipated Mainnet Encounters Questions About Tokenomics
- Monad (MON) launches mainnet on Nov 24 after Coinbase's controversial $187.5M ICO, raising 85% of funds in two days via its unique small-buyers-first algorithm. - Premarket perpetual contracts dropped 20% below sale price as critics question tokenomics, validator rewards inflating supply to 108.2B tokens and diverting ecosystem funds to operational costs. - Market sentiment remains divided: 86% expect $2B+ valuation on Polymarket, but only 21% foresee $4B+ as Monad's $2.5B FDV lags behind Hyperliquid's $
Butterfly Configuration: CRV's Route Toward a Bullish Turnaround
- Curve DAO Token (CRV) stabilizes near $0.4447 after 16% decline, forming a bearish Butterfly harmonic pattern suggesting potential bullish reversal. - Key support at $0.3991 holds critical validity for the pattern, with a successful rebound potentially targeting $0.6537-$0.7260 Fibonacci extensions. - Immediate resistance at $0.4975 (40-day MA) and broader market weakness, including Ethereum's 22% 30-day drop, complicate CRV's recovery trajectory. - Failure to defend $0.3991 support could invalidate the
Bitcoin Updates: The Quantum Era Challenges the Boundaries of Decentralized Consensus
- Quantum computers threaten Bitcoin not by breaking cryptography but by destabilizing its decentralized governance model, requiring urgent post-quantum upgrades. - Bitcoin Cash pioneers Quantumroot, a low-cost PQC solution enabling 800-input transactions, outperforming Ethereum-based alternatives in scalability and privacy. - 25% of Bitcoin's value resides in quantum-vulnerable addresses, with "harvest now, break later" attacks amplifying risks as Q-Day approaches within 5-40 years. - NIST's lattice-based
WPAHash’s Stablecoin Mining Reduces Crypto Fluctuations to Deliver Consistent Returns
- WPAHash launches stablecoin mining service (USDT/USDC) for predictable returns in volatile crypto market. - Investors directly purchase contracts without token conversion, using global data centers and dynamic hashrate scheduling. - Tiered contracts ($100–$8,000) offer daily yields ($3–$128), targeting both retail and institutional investors. - Service addresses crypto volatility amid Bitcoin ETF outflows, with analysts predicting boosted stablecoin demand. - Upgraded XRP contracts and real-time dashboar
Trending news
MoreCrypto prices
More
