ZEC fell by 9%, a certain whale incurred a loss of 5.84 million USD from spot and futures long positions

On-chain analyst Yu Jin stated that with ZEC dropping 9% today, a whale who recently went long on both ZEC spot and contracts has lost 5.84 million dollars.

In terms of spot, this whale spent 31.78 million dollars to buy 25,002 ZEC over the past 4 days, with an average price of 1,271 dollars, currently facing an unrealized loss of 3.26 million dollars. In terms of contracts, this whale also went long on 18,910 ZEC at 1,378 dollars on Hyperliquid, and the position was completely liquidated after ZEC fell below 1,200 dollars early this morning, resulting in a loss of 2.58 million dollars.