ZEC Price Swing Sparks Market Battle
On January 8, the price of ZEC briefly dropped 6.4%, rebounding from a low of $449 to around $465. During this decline, a well-known bullish whale (address 0x152) swiftly adjusted strategy, adding positions near $459.
- Increased holdings by 2,486 ZEC (approx. $1.14M) within 10 minutes
- Accumulated 9,871 ZEC (approx. $4.54M) in long positions over the past 20 hours
- Currently holds $12.35M in 10x leveraged longs at an average price of $463
Bearish Forces Aggressively Adding
On the bearish front, the largest short seller remains underwater but hasn't adjusted positions. According to monitoring, the '山寨空军车头' has been aggressively adding shorts in recent hours.
- Short position increased to $2.08M
- Currently underwater with 47% loss at $419 average price
This intense battle between bulls and bears has caused significant short-term volatility in ZEC markets, warranting close attention.