The largest short seller of ZEC and MON has taken profits on some of its ZEC short positions, netting over $5 million, while simultaneously short MON ...

According to Mars Finance, on December 2nd, Coinbob's monitoring of popular addresses showed that the "largest short seller of ZEC & MON" had been continuously closing out its ZEC short positions after turning from a loss to a profit yesterday. The position size decreased from $23.21 million yesterday to $9.88 million, recording a profit of over $5 million. Currently, it still has a floating profit of $2.43 million (125%), with a weekly profit of $15.33 million. This address previously opened a short position on ZEC on October 10th at approximately $184, subsequently adding to the position to average down, raising the average price to $419. On October 17th, the floating loss reached a maximum of $21 million, recording a loss of nearly $3 million. According to monitoring, this address is currently also short ETH, ZEC, MON, and HYPE, with its main profit coming from ETH short positions, showing a floating profit of $9.52 million (643%), a position size of approximately $22.16 million, and an average price of $4014. Its recently opened 3x leveraged short position in MON has a size of approximately $6.14 million and a floating profit of $1.82 million (89%), and it is still the largest short position in ZEC and MON on Hyperliquid.