Post
Zeeeshu
The headline says a whale lost $35M closing a 38k $ZEC short, but look closer before calling it a defeat. 🕵️♂️
That short was a hedge—they’re still holding over 202k $ZEC in spot ($300M+) with over $200M in unrealized profit! Closing the short removed heavy downside pressure, sparking a classic V-shaped rebound back above $1,500.
Liquidation or strategic unwind? Either way, bulls are taking back control. 📈 $ZEC
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