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Whale whale ZEC short positions partially take profit, floating profit of $239,600
【BlockBeats】Monitoring data shows that in the past half hour, a well-known ZEC short whale has adjusted its position. This whale address reduced its holdings by 3,776.39 ZEC, approximately worth $1,465,000, partially taking profits on its short positions.
Currently, this short has about $5.933 million in ZEC short positions, with an unrealized profit of around $239,600, maintaining a return of about 20%, with an average price around $419.89. Based on a liquidation price of $3,183.01, there is still a considerable safety margin.
This address is quite famous in the crypto market — it started shorting ZEC massively from the $184 level, was temporarily underwater with a floating loss of $21 million, but later turned losses into gains. Now, this whale not only maintains a large short position in ZEC but also holds sizable short positions in ETH and MON, indicating a relatively clear bearish outlook on the overall market.