"The 'ZEC Max Short' has hit the take-profit target on an ETH short position of around $3.11 million, with the current unrealized gain still at $18.43 million"
BlockBeats News, February 1st, according to Hyperinsight monitoring, the "ZEC Largest Short" address (0xd475) partially took profit on its ETH short position, reducing 967.68 ETH short positions in the short term, worth about 3.11 million U.S. dollars. After the reduction, the ETH short position of the address still amounted to 53.55 million U.S. dollars, with the current unrealized profit of about 18.43 million U.S. dollars.
This address is known for establishing a large short position on ZEC, initially shorting ZEC from $184 and turning losses into gains after being down $21 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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