The largest short seller of ZEC, a whale, has short in both ETH and ZEC, with total unrealized profits exceeding $17 million.
TL;DR
A major ZEC short seller, identified as a whale, has increased its short positions in both ETH and ZEC, with total unrealized profits now over $17 million and account profits exceeding $38 million.
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[“ZEC’s Biggest Short Seller”Whale Increases Short in ETH and ZEC, Total Unrealized Profit Exceeds $17 Million] According to Mars Finance, on December 26th, OnchainLens monitoring revealed that the “largest ZEC short seller”whale transferred 4 million USDC to HyperLiquid, increasing its short positions in ETH (15x) and ZEC (5x). This whale currently holds 8 positions with a total value of approximately $148.8 million, including $130 million in Ethereum short positions and $12 million in ZEC short positions. The total unrealized profit exceeds $17 million, and the account profit exceeds $38 million.