Whales move over $110 million from Bitcoin to Ethereum, Zcash shorts lose $10.68 million
- —Wallet 0x4553 swapped 866 BTC for 26,924 ETH worth $64.57 million
- —11 wallets sold 602 BTC for $45.83 million and bought 18,780 ETH
- —Garrett Jin sold 35,001 ETH for $87.5 million and raised his ZEC short liquidation to $4,738
- —The Zcash short seller lost $10.68 million after ZEC rose, having previously earned $9.11 million
Why it matters: The rotation of capital from BTC to ETH and the mass liquidation of Zcash shorts point to a shift in positioning among large players and rising volatility in privacy coins.
Source: Happycoin.club