The largest short seller of ZEC partially took profits on its MON short positions, totaling approximately $620,000, and currently holds approximately ...
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TL;DR
A major ZEC short seller partially closed its MON short position, taking about $623,300 in profits. It still holds $1.8853 million in MON shorts with a 109.09% return, and also has large short positions in ETH and MON.
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ZcashHalving TokensZero Knowledge ProofsPrivacyEthereumMonadZEC short sellerMON short positionprofit takingcryptocurrency tradingwhale address
According to Mars Finance, on January 19th, HyperInsight monitoring showed that the "largest short seller of ZEC,"a whale(0xd475…), partially closed out its short position in MON, reducing its short positions by 23.0588 million MON tokens, worth approximately $623,300. After this operation, the total value of its MON short position remains approximately $1.8853 million, with a floating profit of approximately $685,500, representing a return of 109.09%. The liquidation price was $0.475. This address is known for establishing huge short positions in ZEC, having started short ZEC at $184, during which time it incurred a floating loss of $21 million before successfully turning a profit. Currently, it also holds large short positions in ETH and MON.