Buy order of 26.9 billion won for G-Cash… 3.3 times the existing long position
Original headline지캐시 269억원 매수 주문…기존 롱 수량의 3.3배
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A wallet beginning 0x26b6 holding a Zcash (ZEC) long placed a limit order to buy about 17,900 ZEC at $1,105, a roughly $19.75 million order that is approximately 3.3 times the size of its existing long position. The order sits about 10.6% below ZEC's $1,236.2 price at the time of reporting, per TradingBeats monitoring cited by BlockBeats. The existing long is valued at about $6.721 million with an average entry of $1,282.23, leaving roughly $246,000 in unrealized losses. The scale of the pending bid signals continued conviction in ZEC despite the position being underwater, and traders will watch whether price dips to the $1,105 level to trigger the fill.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Zcash (ZEC), 0x26b6, BlockBeats, TradingBeats
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