The whale’s rebound in ZEC offset only part of broader losses, with HYPE, NEAR, WLD, TON, ASTER and XMR positions still deeply underwater, Onchain Lens said.
Whale trader Loracle (@loraclexyz) has seen the unrealized profit on a 10x ZEC long position rise above $2.8 million as ZEC rebounded, according to Onchain Lens. The gains appear limited to that trade, however, as the trader’s positions in HYPE, NEAR, WLD, TON, ASTER and XMR remain at heavy losses. A 10x long uses leverage (borrowed exposure to amplify returns and losses), meaning profit can increase quickly during a price recovery but downside risk also remains elevated.