Traders’ Zcash Perpetual Positions Diverge After ZEC Reclaims $530

Zcash (ZEC) traders saw a sharp split in unrealized gains and losses in perpetual contract positions after ZEC’s price moved back above $530 on June 15. According to BlockBeats On-chain Detection, monitoring data from OnchainLens showed notable divergence among multiple traders’ positions following the rebound. A trader described as a “BTC OG insider whale,” Garrett Jin, recorded more than $4.7 million in unrealized profit on a 2x leveraged ZEC long position. At the same time, his 5x leveraged Bitcoin (BTC) long position saw unrealized losses widen to about $12.55 million. Another trader, Loracle, posted around $6.87 million in unrealized profit on a 10x leveraged ZEC long position, supported by ZEC’s short-term strength.