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Wallet with $8M Zcash short holds buy orders that could flip position to long

Technical Signals
03 Nov 2026, 09:30 WIB
Tokenpost
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Neutral
Wallet with $8M Zcash short holds buy orders that could flip position to long

A wallet holding an $8.04 million short position in Zcash (ZEC) has placed 99 buy limit orders totaling about $10.78 million below the current market price. If all these buy orders fill without other trades, the wallet could close its short and end up with a 2,889 ZEC long position. The wallet also has a sell limit order for nearly 3,000 ZEC above the current price, which if filled first, would increase the short position. These orders indicate potential shifts in the wallet's ZEC holdings but do not confirm a position reversal yet.

Zcash is currently trading at Rp20.620.004 on Pluang, down 10.29% over the past day. The platform shows a full sell order activity with no buy orders as of Nov 03, 2026 14:41 WIB, indicating strong selling pressure despite the whale's buy limit orders.

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