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On-chain whale new move: $3.6 million USDC in batches to deploy ZEC, what is the intention behind 10x leverage
【BlockBeats】A recent activity from a new wallet address has caught the attention of traders. According to on-chain data, the address deposited $3.6 million USDC into a leveraged trading platform, then opened a ZEC long position with 10x leverage. The entry price was $407.4908, with a single position size of 1322.89 ZEC.
Interestingly, this does not seem to be a one-time operation. The wallet has pending add-on orders in the price range of $400 to $401, indicating it is waiting for a pullback to further increase the position. This kind of phased position building strategy usually suggests that the operator has a clear view of the subsequent trend and has strong risk management awareness.