#数字货币市场回调 A well-known investor's $30 million ZEC bet is shaking the Privacy Coin crypto world. Behind this gamble is a record of extreme operations for 30 consecutive days.

Data doesn't lie. In the past month, the account triggered 71 liquidations on a certain decentralized contract platform, accumulating losses of up to 44 million USD—an average daily evaporation of 1.47 million. At its worst moment, the account balance plunged to 33,000 USD. Previously, the position betting on ETH long had an unrealized loss exceeding 20 million, and the market jokingly referred to it as a "contrarian indicator."

The turning point occurred on November 30.

He suddenly cleared all his ETH positions and concentrated all his funds on ZEC. With a principal of 30 million dollars and a 10x leverage, the average opening price was about 483 dollars. The liquidation line is set around 395 dollars—meaning that as long as ZEC falls below 20%, this fund will go to zero. Compared to his previous crazy operations with 50x leverage, this time it can be considered "restrained".

Why ZEC?

Timing is crucial. On December 6, ZEC will undergo a halving—block rewards will be cut in half, and supply will drastically decrease. Historical experience shows that halving often accompanies amplified price fluctuations. The deeper logic lies in the demand for privacy. As global regulations tighten, the demand for privacy transactions is quietly surging. On-chain data shows that a mysterious fund recently acquired over 5000 ZEC, indicating that capital is clearly positioning itself in advance.

But high leverage is a double-edged sword.

If ZEC's market value hits 800 million dollars, this position could theoretically earn 120 million. However, as long as the price fluctuates slightly, a principal of 30 million could evaporate in an instant. Retail investors who blindly follow orders are facing a double squeeze from whale manipulation and extreme volatility.

This is not investment advice; this is a risk warning. The crypto market has never lacked wealth creation myths, but more often it is filled with the wreckage of liquidation. The Privacy Coin sector indeed has room for imagination, and the ZEC halving is a real event. However, when someone bets their life with 10x leverage, what ordinary people should do is not to follow along—but to stay away from the gambling table, or at the very least, not let themselves become liquidity.

$ETH $ZEC