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Crypto whale Boomer closes $31.1M in altcoin longs, shifts to $9.7M short positions in ZEC and NEAR

Market News
28 Sep 2026
Tokenpost
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Bearish
Crypto whale Boomer closes $31.1M in altcoin longs, shifts to $9.7M short positions in ZEC and NEAR

Crypto trader Boomer closed over $31.1 million in long positions across 10 altcoins, realizing a $1.248 million loss, then shifted to short positions in Zcash (ZEC) and NEAR valued at about $9.7 million. The move shows a bearish outlook on ZEC and NEAR after cutting broader altcoin exposure. Boomer's ZEC short position is about $8.2 million with an unrealized profit of $291,000, while the NEAR short is $1.47 million with a $24,000 unrealized gain. This shift could signal expectations of further declines in these tokens.

Zcash (ZEC) is down 11.69% on Pluang as of Sep 29, 2026 10:41 WIB, with all order activity currently on the sell side. This aligns with Boomer's shift to short positions in ZEC and NEAR, signaling bearish sentiment. NEAR also fell 11.00% with a majority of sell orders, while Hyperliquid's HYPE token dropped 3.10%, reflecting broader market weakness in these assets.

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