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On-chain analyst Ai Yi reported that whale “1011” has opened a new Short position on Zcash after previously being liquidated with losses of around $230 million.
The wallet is currently holding a 3x leveraged short position worth approximately $1.26 million and has already sold around $1.22 million worth of ZEC.
The move suggests the whale is still maintaining a high-risk leveraged strategy, potentially creating short-term downside pressure on the market.
#ZEC #Crypto #WhaleAlert

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