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BlockBeats, citing Lookonchain, stated that whales opened ZEC 10 x leveraged long positions, with total holdings of 29,798 coins.
A whale 10 went long with leverage of nearly 30000 coins ZEC, valued at 37570000 USD BlockBeats reports that October 21, according to Lookonchain monitoring, over the past 15 hours, whales opened ZEC 10 x leveraged long positions, with total holdings of 29,798 ZEC, valued at approximately 37570000 USD.
Original link https://m.theblockbeats.info/flash/372916
BlockBeats said the news was published on October 21。
The report cites Lookonchain monitoring.
The report stated that, over the past 15 hours, whales opened ZEC 10 x leveraged long positions.
The total position reported was 29,798 coins ZEC, valued at approximately 37570000 USD。
The following is analysis, separate from reported facts. Verify important claims independently.
“10 x leveraged long” means establishing a bullish position using leverage. The whales cited in the report collectively held 29,798 coins ZEC in related long positions, but the material does not show specific wallets, trading platforms, or position records.
This is a relatively large leveraged long position that may be viewed by market participants as a short-term bullish bet; however, the positions of traders do not prove that ZEC will necessarily rise thereafter.
Beginners should note that 10 x leverage amplifies both gains and losses. Adverse price movements may trigger position closure or liquidation, and traders should not follow trades solely based on whale positions.
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