ChainCatcher report, according to Yujin monitoring, as ZEC’s price rose from $400 to over $1,200 within three months, the largest short position holder, the whale entity Garrett Jin, incurred an unrealized loss of $25.7 million. He opened a short position of 32,760 ZEC in early July at $444 per ZEC. This whale also holds a $107 million long position in BTC, with an unrealized profit of $4.42 million, but has paid $2.05 million in funding fees.
ZEC Largest Short Holder Suffers $25.7M Floating Loss
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Summary
Whale activity in the ZEC market has drawn attention as the largest short holder, Garrett Jin, faces a $25.7 million floating loss. ZEC’s price surged from $400 to over $1,200 in three months, liquidating a 32,760 ZEC short position opened at $444. Whale movements also reveal a $107 million BTC long position with a $4.42 million profit, though $2.05 million in funding fees have been paid.
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