Zcash Whale Holds $8 Million Short as $10.8 Million in Buy Orders Sit Below

A wallet with an $8.04 million Zcash (ZEC) short has 99 buy limit orders totaling about $10.78 million below the quoted market price, potentially leaving it with a 2,889-ZEC long if all fill and no other trades change the position. The short has an average entry price of $1,180.11 and about $351,000 in unrealized profit. At the quoted ZEC price of $1,130.90, the buy orders between $1,055 and $1,100 sit 2.7% to 6.7% below that level. They cover roughly 10,000 ZEC.