The whale, marked as the "largest short seller of ZEC," partially took profits on ETH shorts last night and then rolled the position back in the early morning. They are currently continuing to increase their positions in $ETH , ZEC, and MON shorts. They first reduced their ETH short position by 1008 ETH, realizing a profit of approximately 3.08 million dollars. Subsequently, they rebuilt their position in the early morning, lowering the average cost of their ETH shorts to 3246 dollars. Their total ETH short position is currently about 132 million dollars, with an unrealized profit of 14.23 million dollars.

Meanwhile, this whale further increased their positions in $ZEC and $MON shorts. Their total ZEC short position has reached 20.29 million dollars, with an average price of 419 dollars, resulting in an unrealized loss of approximately 4.48 million dollars; the total MON short position is 6.67 million dollars, with an average price of 0.0304 dollars, resulting in an unrealized profit of approximately 2.95 million dollars. As of the time of writing, they are still continuing to add to their positions.

Since starting to short ZEC in October, this address has been very active, having reduced their short position from 16.5 million dollars to 9.1 million dollars on December 17th, and recently increased their positions again. Their total short position has increased from 113 million dollars to 163 million dollars, making them the largest short seller of the three major cryptocurrencies on the platform: ETH, ZEC, and MON.

This whale has been shorting continuously; what does that mean?

#加密市场观察