Garrett Bullish reportedly withdrew about 202K $ZEC from Binance last December and still holds the full amount.
At the time, it was worth around $88M. At roughly $1,580 per ZEC today, that bag is worth about $320M.
Now he has a 38K ZEC short on Hyperliquid, worth around $60M.
So that short could simply be a hedge against his much larger $ZEC spot position.
Sometimes a big short doesn't mean someone is bearish. There can be levels to this shit. $HYPE
At the time, it was worth around $88M. At roughly $1,580 per ZEC today, that bag is worth about $320M.
Now he has a 38K ZEC short on Hyperliquid, worth around $60M.
So that short could simply be a hedge against his much larger $ZEC spot position.
Sometimes a big short doesn't mean someone is bearish. There can be levels to this shit. $HYPE
