ZEC's largest short seller reduces short positions and shifts to shorting BTC and ETH.

ME News reports that on May 12 (UTC+8), according to Hyperinsight monitoring, ZEC has declined from its high to around $550. The “largest ZEC short” continued to cut its ZEC short position throughout the afternoon, cumulatively closing out over $5 million in short exposure. This address previously held a ZEC short position of $12.6 million; after the reduction, the remaining short position is approximately $8.02 million, with an unrealized loss of about $1.17 million. The short position was opened on March 10 at an average price of approximately $210, near the recent local low. It once incurred a maximum unrealized loss of $2.4 million and held through months of pressure to average down, waiting for ZEC’s阶段性回调 (阶段性回调 =阶段性回调). The margin released from reducing the ZEC short was quickly reallocated by this address to initiate new short positions in BTC and ETH: a BTC short position opened with 20x leverage, shorting 160 BTC, briefly pushing the total size to $13 million at an average price of $80,441; an ETH short position opened with 15x leverage, shorting 1,866 ETH, totaling $4.27 million at an average price of $2,286. As of publication, both short positions are still being added to. Address: 0xd47587702a91731Dc1089B5DB0932cF820151A91 (Source: BlockBeats)