ChainCatcher report, according to EmberCN monitoring, the whale Garrett Jin has not ceased shorting ZEC; he has just added another 7,000 ZEC short positions at approximately $1,195 each, valued at around $8.4 million, further raising the average short price. After this additional position, his total ZEC short position has increased to 39,760 ZEC, with a notional value of approximately $47 million. Due to adding to his position at higher levels, his overall short price has risen from $444 to approximately $576.30. Based on current market conditions, his total unrealized loss on ZEC shorts has reached approximately $24 million.
Whale Garrett Jin Adds 7,000 ZEC Short Positions, Total Exposure Reaches 39,760 ZEC
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Summary
Whale activity in the ZEC market has intensified as Garrett Jin added 7,000 ZEC short positions at approximately $1,195 per coin, valued at $8.4 million, according to EmberCN. This increases his total short exposure to 39,760 ZEC, worth about $47 million. Whale activity has raised the average short price from $444 to $576.3. At current prices, the floating losses on these positions total approximately $24 million.
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