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"The 'Former ZEC Largest Short' Reopens ZEC Short Position and Continues to Add to It, with a Position Size of Approximately $1.1 Million"
BlockBeats News, January 28th, according to Hyperinsight monitoring, the "former ZEC largest short" address (0xd475...) reopened a ZEC short position today, with a current 5x leveraged ZEC short position of approximately 2822 ZEC, equivalent to about $1.1012 million. The average entry price is $391, and the short position is currently slightly underwater. As of the time of writing, the position is still being added to.
This address is known for establishing a large short position on ZEC, starting to short ZEC from $184, experiencing up to $21 million in unrealized losses at one point, and then closing the position at a profit. Currently, it holds a massive short position of $80 million on ETH.
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