Garrett Jin: ZEC Long Position Expanded to 46,013 Tokens
Garrett Jin lifts ZEC long to 46,013 tokens ($19.3M) with $950K loss while retaining 1,268 BTC long position showing $14.86M drawdown.
SourceAnalysis
Garrett Jin raised his ZEC (2x) long to 46,013 tokens valued at $19.3M, now carrying a floating loss above $950K, while maintaining the 1,268 BTC (5x) long that sits $14.86M underwater.
On-chain whale activity tracking shows the Bitcoin OG continuing to scale into the ZEC trade despite mounting leverage pressure. Over the past six months similar leveraged builds have preceded sharp volatility spikes in privacy coins.
Price action on the 4h chart places ZEC at $421.35 beneath the EMA50 resistance at $435.98 and well below the EMA200 at $479.84. With the pair trading inside the Bollinger Bands and the upper band capping moves at $438.42, the neutral RSI(14) at 48.96 combined with the MACD golden cross at -4.16 points to a probable test of the 50-EMA before any sustained advance, shaping near-term ZEC price prediction scenarios and Bitcoin leveraged trading risks for institutional desks.
Onchain Lens
@OnchainLensSimplifying onchain data for the masses