Whale Loses $5.84M on Simultaneous Spot and Futures Longs in ZEC

November 3: According to monitoring by on-chain analyst Ember, as ZEC fell 9% today, a whale that recently went long ZEC in both spot and futures has lost $5.84 million. On spot, it spent 31.78 million USDC over the past four days to buy 25,002 ZEC at an average price of $1,271, and currently has an unrealized loss of $3.26 million. On futures, it opened a long position of 18,910 ZEC on Hyperliquid at $1,378; after ZEC fell below $1,200 early this morning, the entire position was stopped out, resulting in a $2.58 million loss.