A viewpoint that many people have been discussing recently is that the biggest ZEC short-side unrealized loss has already reached 33.66M, while on the other side, the 1,333 BTC longs are sitting on an unrealized profit of 4.5M. When you look at both sides together, it may not be as bleak as the headline suggests. As for the ZEC shorts, I won’t draw a conclusion yet—I’ll keep watching.