A whale lost approximately $890,000 in 3 hours after being liquidated on a 10x leveraged short position of 8,120 ZEC

Odaily News — According to on-chain analyst Yu Jin, a whale shorted ZEC ahead of the Federal Reserve's interest rate decision. At around 11 PM last night, when the ZEC price was approximately $1,245, the whale opened a 10x leveraged short position of 8,120 ZEC, with the position value at approximately $10.11 million.

About 3 hours later, as ZEC rose above $1,390, the whale's short position was fully liquidated, resulting in a cumulative loss of approximately $890,000.