A Whale's Fall: The Collapse of a Two-Month ZEC Long Bet
On January 9, ZEC prices dipped amid growing market unease. According to on-chain analytics firm OnchainLens, a major trader exited a long position after holding for 67 days—locking in losses of nearly $4.9 million.
The move came not from technical breakdowns, but from a wave of negative sentiment triggered by broader industry developments. The abrupt exit highlights how even seasoned players can be swayed by emotional pressure during high-volatility periods.
Counterattack with Leverage: A Second Attempt
In a surprising twist, the same whale re-entered the market minutes later—opening a smaller long position with 10x leverage. This suggests a continued bullish outlook, treating the dip as a strategic re-entry point rather than a full retreat.
- Holding period: 67 days
- Loss incurred: ~$4.9 million
- Trade sequence: Panic exit followed by rapid repositioning
- Leverage applied: 10x on the new position
This rapid-fire shift exemplifies the adaptive mindset of elite traders—willing to absorb losses, then pivot quickly to chase recovery in turbulent markets.