According to on-chain data monitoring, Garrett Jin, the agent of "1011 Insider Whale," has just reduced his ZEC short position, having closed approximately 7,000 ZEC in short exposure so far. His 3x leveraged ZEC position has now decreased to 32,759.57 ZEC, with a current value of approximately $38.26 million and an unrealized loss of $19.32 million.
Garrett Jin Closes ZEC Short Position, Floating Loss Exceeds $19M
TechFlowShare
Summary
Garrett Jin, the agent of the '1011 Insider Whale,' adjusted his ZEC trading strategy by reducing his short position by approximately 7,000 ZEC. His 3x leveraged ZEC position now totals 32,759.57 ZEC, valued at $38.26 million, with a floating loss of $19.32 million. This adjustment reflects a change in position sizing amid market volatility.
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