Odaily Planet Daily reports, according to on-chain analyst Yujin, the whale entity Garrett Jin (0x92ea...050e9) is the largest native short holder of Zcash. This entity initiated a short position of 32,760 ZEC in early July at an entry price of $444. Over the past three months, the price of ZEC has risen from $400 to over $1,200, resulting in an unrealized loss of $25.7 million on this short position. The entity also holds a long position in BTC worth $107 million, currently with an unrealized profit of $4.42 million, but has paid $2.05 million in funding fees.
Garrett Jin's ZEC short position incurs a $25.7M loss as the price surges.
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Summary
According to Odaily, chain analyst Yu Jin tracked a major ZEC short position held by Garrett Jin’s whale entity (0x92ea...050e9). Opened at $444 in early July, the position has incurred a $25.7 million loss as ZEC’s price rose above $1,200. Meanwhile, the entity’s $107 million long position in BTC has generated a $4.42 million profit, though it has already paid $2.05 million in funding fees. Crypto price movements continue to significantly impact large traders.
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