"ZEC's Largest Short" builds a position and intensively increases ETH long positions, with a total holding of $2.12 million.

MarsBitNews · 2026-02-03T09:26:27+00:00

Mars Finance News: On February 3rd, monitoring shows that the well-known "ZEC Largest Short" address increased its ETH holdings in a short period, with the position rising from zero to approximately $2.12 million. After multiple transactions, it is currently in a slight profit. This address is known for shorting ZEC and has transitioned from significant unrealized losses to profitability.

MarsBitNews

2026-02-03 09:26:27

Abstract generation in progress

Mars Finance reports that on February 3rd, according to Hyperinsight monitoring, the “ZEC Largest Short” address (0xd475…) conducted a series of intensive operations on its ETH long positions within approximately half an hour, including opening new positions, flattening, and rolling over, with the position size rapidly increasing from zero to about $2.12 million. The address first opened a new long position of 442.42 ETH (approximately $1.03 million) at 15:47. Subsequently, between 16:01 and 16:33, it executed five consecutive flattening and rolling over operations, accumulating an additional approximately 780 ETH. After multiple increases, the total value of its ETH longs reached $2.1216 million, with an average entry price of around $2,320.96. Currently, the position is in a slight floating profit. This address is known for establishing large-scale short positions on ZEC, having started shorting ZEC at a price of $184, during which it experienced an unrealized loss of $21 million, later turning profitable.

ZEC-8.67%

ETH-6.21%

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