Short sellers continue to add positions amid rising prices, which is often more concerning than an ordinary “bottom-fishing” move.
According to monitoring by Yu Jin, $ZEC is up about 12% today. Yet Garrett Jin, known as the “ZEC’s biggest short,” added 5,000 short contracts at an average price of $1,252.5, with a notional value of roughly $6.26 million. So far, he has accumulated 37,760 ZEC short contracts, with an average opening price of $665.8 and a notional value of approximately $46.74 million. His unrealized loss has already reached about $21.6 million.
The key point in these data is not only the size of the loss, but also the position structure: the stronger the price trend, the more the short side continues to increase exposure, and the short side may face higher margin pressure later. If buy-side demand keeps coming in, these large positions could also become fuel for a squeeze-like rebound; but if the market pulls back, heavily positioned short sellers may quickly rebalance and recover their P&L.
For ordinary users, there’s no need to rush to judge whether “big players will always win” or whether “shorts will blow up.” Instead, focus on contract funding rates, changes in open interest, and key liquidation ranges—risk control should always come before staking your position.
#ZEC #合约风控 #加密市场
According to monitoring by Yu Jin, $ZEC is up about 12% today. Yet Garrett Jin, known as the “ZEC’s biggest short,” added 5,000 short contracts at an average price of $1,252.5, with a notional value of roughly $6.26 million. So far, he has accumulated 37,760 ZEC short contracts, with an average opening price of $665.8 and a notional value of approximately $46.74 million. His unrealized loss has already reached about $21.6 million.
The key point in these data is not only the size of the loss, but also the position structure: the stronger the price trend, the more the short side continues to increase exposure, and the short side may face higher margin pressure later. If buy-side demand keeps coming in, these large positions could also become fuel for a squeeze-like rebound; but if the market pulls back, heavily positioned short sellers may quickly rebalance and recover their P&L.
For ordinary users, there’s no need to rush to judge whether “big players will always win” or whether “shorts will blow up.” Instead, focus on contract funding rates, changes in open interest, and key liquidation ranges—risk control should always come before staking your position.
#ZEC #合约风控 #加密市场