ZEC/BTC exchange rate hit a new high before pulling back: "BTC OG insider whale"short the exchange rate, while his counterparty suffered a net loss of 2.55 million USD.

According to BlockBeats, on May 26, Hyperinsight monitoring showed that the ZEC/BTC exchange rate recently hit a new all-time high. After a significant surge to its peak on May 20, it continued to reach a new high of 0.00895 on May 23. Two major whale on Hyperliquid completed their positions during this period, holding completely opposite "ZEC/BTC exchange rate" positions, each exceeding $70 million, and are currently counterparties to each other. The specific positions are as follows: "BTC OG Insider Whale" (Completed position building on May 22): - BTC long position (5x leverage): $38.6 million; - ZEC short position (3x leverage): $34.6 million; - Expectation: BTC will outperform ZEC (i.e., the ZEC/BTC exchange rate will decline); - Current net profit: +$920,000. Trader Evaded (completed position building on May 24): - BTC short position (40x leverage): $40.2 million; - ZEC long position (5x leverage): $32.2 million; - Expectation: ZEC will outperform BTC (i.e., the ZEC/BTC exchange rate will rise); - Current net loss: -$2.55 million. The ZEC/BTC exchange rate peaked on May 23 and subsequently fell, dropping 7.76% in the last 24 hours to its current level of 0.00788. In this market environment, the "BTC OG Insider Whale" group, which correctly positioned itself, took profits first. Meanwhile, "Trader Evaded," who entered the market later, entered a position at the exchange rate high and is currently facing significant pressure. Address: 0x92ea19eceb7a8de0f50978a1583a5d8b018050e9 Address: 0x86523927bffeafe2e532f0218feb1f3c29f6120d HyperInsight Bot is now live. Add @HyperInsightBot to the Telegram community and set yourself as an administrator (message sending permission required) to automatically sync on-chain information.