Trader with $9.6M profit opens long positions in Bitcoin, Ethereum, and Zcash

A highly profitable cryptocurrency trader, who has realized a $9.6 million profit, has recently initiated new long positions totaling over $55 million across Bitcoin (BTC), Ethereum (ETH), and Zcash (ZEC). The specific trades included 348 BTC valued at approximately $32 million, 6,579 ETH worth nearly $21 million, and 6,186 ZEC valued at $2.4 million. This diversified move signals strong confidence in both mainstream assets and privacy-focused alternatives amid improving market conditions. Bitcoin is highlighted for its role as a store of value, driven by institutional ETF inflows, while Ethereum is noted for increased utility via Layer 2 solutions. Zcash is recognized for its privacy features using zero-knowledge proofs, attracting trader interest.

(Source：Crypto Briefing)