Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
Gate Card
Rewards

BTC OG Whale Opens 57.4K ZEC Short at 3x Leverage, Faces $1.9M Floating Loss on May 25

GateNews
BTC0.87%
ZEC-4.14%
HYPE-1.84%

According to BlockBeats citing Coinbob address monitoring, on May 25, a whale address associated with "BTC OG insider" opened a ZEC short position with 3x leverage, holding 57,400 ZEC worth approximately $37.88 million at an average entry price of $626.4. The position recorded a $1.9 million floating loss due to rising ZEC prices over the weekend.

The whale simultaneously maintains a 57,400 BTC long position at 5x leverage with an average entry price of $77,394, currently showing a modest $800,000 floating loss. Additionally, the address has accumulated approximately 148,000 HYPE tokens worth around $9.12 million in spot holdings.

View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

18h ago
On-Chain Address Accumulates 967 ETH Overnight, Building 4,812 ETH Position Worth $10M
05-24 03:08
Whale Accumulates 3,845 ETH at $2,074 Early Today, Totaling $7.97 Million
05-23 13:04
Hyperliquid Whales Hold $4.375B in Positions With 0.97 Long-to-Short Ratio
05-23 08:29
Whale Loracle's $20M Bitcoin Short Turns Profitable on May 23 as $1B HYPE Position Underwater
In-Depth Analysis

Gate Daily Report (May 25): CFTC officials questioned prediction markets before being suspended; Bitmine listed among the Russell 1000 candidate names

Market Whisper19h ago

Bitcoin Lower High Structure Targets $50K as Analysts Await Breakout

Daniel Carter05-24 10:12

Trader Books $4.6M Profit on HYPE, ZEC, and ETH Longs Then Opens a $74.84M Bitcoin Short

Coinpedia05-23 21:29
Comment
0/400
No comments