Garrett Jin, who’s been holding the largest on-chain $ZEC short, just closed 7,000 ZEC worth ~$8.16M, taking a realized loss of around $4.12M.
But he’s still heavily short. The remaining position is 32,760 #zec , worth roughly $37.83M, with an unrealized loss of around $19M. The liquidation price is currently sitting at $2,857.30.
We thinkl he’s reducing the position rather than fully giving up on the ZEC short… but after taking another $4M+ loss, the pressure is definitely getting serious.
Address: 0x92ea19ECeB7a8dE0f50978A1583A5D8b018050e9
But he’s still heavily short. The remaining position is 32,760 #zec , worth roughly $37.83M, with an unrealized loss of around $19M. The liquidation price is currently sitting at $2,857.30.
We thinkl he’s reducing the position rather than fully giving up on the ZEC short… but after taking another $4M+ loss, the pressure is definitely getting serious.
Address: 0x92ea19ECeB7a8dE0f50978A1583A5D8b018050e9
