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On-chain data recently captured an interesting phenomenon - a well-known trading address suddenly increased its position by 10 times on a ZEC long order, with an opening price around $439, making this position worth approximately $390,000. At the same time, this account also holds a long order of 5200 ETH with 25x leverage, and unrealized gains have accumulated to $266,000, with the liquidation price set at around $2789.
This is clearly an aggressive stance with dual currencies and high leverage. ZEC has suddenly had its position increased to 10x leverage, while the ETH long order position remains quite stable. Interestingly, what does such an operation usually mean? Is it a special judgment on the recent market, or is it brewing a larger trend?
The market has indeed been fluctuating during this period, but the position movements of large holders often reflect some market expectations. Why choose ZEC instead of other varieties? Can this high-leverage long order withstand the volatility? These questions may be worth traders' consideration.