Trader Closes $44 Million Google-Linked Long at Loss, Opens ZEC and ETH Longs

A large trader closed a roughly $44 million Google-linked long at a loss and opened leveraged Zcash (ZEC) and Ether (ETH) positions, shifting substantial exposure into crypto.

The trader exited all 128,400 contracts tied to Google (GOOGL) at an average price of $338.70, realizing a loss of about $919,300.

The new ZEC long held about 14,800 coins and was valued at approximately $18.73 million. It used 10x isolated leverage, with an average entry price of $1,243.28 and a liquidation price of $1,177.99. The position showed about $333,300 in unrealized profit at the reported snapshot.

The ETH long covered 1,935.58 ETH and was valued at about $4.74 million. It used 25x isolated leverage, with an average entry price of $2,455.28 and a liquidation price of $2,405.91. Its unrealized loss was about $8,688, leaving the two crypto positions with a combined paper gain of roughly $324,600.

The trader also retained an Amazon-linked long worth about $1.23 million, with roughly $14,300 in unrealized profit. Unlike the closed Google-linked trade, gains and losses on the crypto positions had not been locked in.