Whale Panic-Sells ZEC After 67 Days, Wiping Out Nearly $5 Million in Losses

Whale Exits Stage: ZEC Volatility Triggers Market Ripple

Amid broader sector turbulence, ZEC saw a sharp downturn yesterday. On-chain analytics reveal that a major investor, after holding a substantial long position for 67 days, liquidated their entire ZEC holding at a loss—nearly $4.9 million—driven by mounting market anxiety.

The timing of the exit suggests emotional decision-making under pressure. However, the story doesn’t end there. Rather than stepping away, the trader stayed close to the battlefield.

Betting on a Bounce: The Leverage Re-Entry

• Within hours of the initial exit, the same entity opened a new long position with 10x leverage
• The position size was significantly reduced, indicating a more cautious approach
• This tactical shift may reflect a bottom-fishing strategy with tightly managed risk exposure

This sequence highlights the psychological tug-of-war common in volatile markets—fear versus FOMO. It serves as a reminder that even seasoned players can falter under pressure, and that adaptability often trumps sheer conviction in trading success.