2026-01-06 05:21:02

I came across an interesting on-chain data point—the journey of a whale shorting ZEC has indeed been bumpy. This guy closed a $3.25 million ZEC short position opened 17 days ago the day before yesterday, resulting in a direct loss of $29,300. The problem is, this isn't the first time he's had a bad trade. This address has shorted ZEC six times over the past half year, and has never taken a long position. In total, he's lost $215,000. It looks like a seasoned trader who is firmly bearish on ZEC, but the market hasn't been on his side. What does the continuous loss behind this tell us? It might indicate a long-term bias in market judgment or simply an obsession. Sometimes, such data can give us some insights—smart money in the market can also get caught off guard.

ZEC9.49%

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SatoshiHeir

· 01-09 04:37

It should be pointed out that this brother's behavior pattern is essentially an on-chain laboratory of "confirmation bias"—6 short positions, 6 landings, a total loss of 215,000 without remorse. This has gone beyond simple misjudgment and represents a systemic cognitive flaw. According to behavioral economics, obsessive persistence can lead decision-makers into a "gambler's fallacy" vicious cycle, doubling down as losses increase. But this precisely confirms a deeper logic in Satoshi Nakamoto's white paper—the market is the most honest falsification mechanism. Interestingly, the failure data of such whales has instead become our best reverse indicator.

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LiquidationTherapist

· 01-07 13:51

Haha... This guy is really obsessed; all 6 times he took short positions and still didn't turn around. This is what we call a live market education. Is a tuition of $215,000 worth it? Staying firmly bearish and being repeatedly taught a lesson by the market—it's both funny and heartbreaking. Losing 290,000 in one go and still daring to short—I'm truly impressed by this persistence. So, no matter how smart the money is, it can't escape the trap of subjective bias.

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TokenVelocityTrauma

· 01-06 05:50

Uh, this guy is really stubborn. He hasn't won even once after 6 short positions... $215,000 is gone just like that.

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GateUser-c799715c

· 01-06 05:44

Haha, this guy is really persistent. Six short positions in half a year, all losing. You must be really bearish on ZEC. ZEC is indeed a bit stubborn, and even big investors' judgments can be proven wrong... Learned a lesson. 21.5K just disappeared like that. I need to reflect on my trading logic. What does consecutive failures indicate? Deep obsession is hard to bear. But on the other hand, data from such big investors can sometimes be a market indicator... Can reverse trading make a profit? This brother is truly determined, but unfortunately, the market isn't cooperating.

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GasGuru

· 01-06 05:28

Haha, this guy really has deep obsession. Six short positions all in, all in blood, just refusing to admit defeat. When obsession reaches this level, it's no longer trading; it's a matter of faith recharge. The most profitable trades in the crypto circle are actually those of people doing reverse operations.

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degenonymous

· 01-06 05:23

Haha, this guy really has deep obsession. Six short positions in half a year all lost, how much he must dislike ZEC. Getting slapped by the market, still holding on to 215,000, he’s indeed a tough person but also definitely a bag holder. Really? I especially enjoy looking at this kind of on-chain data. Sometimes, the on-chain data is more honest than candlestick charts in judging the target. Is Mengzi trusting his judgment a bit too much? Let’s just consider this as paying tuition this time. Opening a short with 3.25 million and losing so much in the end... Sometimes I think, holding and shorting are really different.

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tx_or_didn't_happen

· 01-06 05:21

Haha, how obsessed is this guy? Six short positions in half a year all missed, and just disappeared like that. It seems ZEC isn't falling as much as he thought.

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