PANews, September 7: According to Yujin monitoring, as ZEC’s price surged from $400 to over $1,200 within three months, the largest short position holder, 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. Meanwhile, this whale also holds a $107 million long position in BTC, which has generated an unrealized profit of $4.42 million but incurred $2.05 million in funding fees.
ZEC Surges to $1,200 in Three Months; Top Short Holder Garrett Jin Suffers $25.7M Loss
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Summary
ZEC surges to $1,200 within three months, becoming one of the top altcoins to watch. The price rally triggered a $25.7 million loss for whale Garrett Jin, the largest short holder. Jin had shorted 32,760 ZEC at $444 in early July. He also holds a $107 million BTC long position, which generated a $4.42 million profit but incurred $2.05 million in funding fees.
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