$ZEC Whale Short ZEC from $184 Successfully Holds Loss, Takes Partial Profit on Short ZEC Position Tonight

The derivatives community has just witnessed the comeback of the year from whale wallet, also known as the ZEC Biggest Short. After surviving a brutal squeeze on ZEC, this whale is now aiming a massive cannon at ETH.

🔸This wallet just closed a portion of its ZEC short position 8,776 ZEC, worth $3.23 million. The trade is currently up +34.08%, netting a profit of approximately $775,000.

🔸 The whale started shorting ZEC at $184. When ZEC went parabolic, the account recorded a Floating Loss of up to $21 Million.

🔸 However, by aggressively averaging up (DCA) to an entry price of $419.89, the whale turned the tables as ZEC dropped 25.5% this week.

🔸 What is truly terrifying is not the past, but the current portfolio. The wallet is holding a Short ETH position worth a staggering $143.52 Million.

🔸 At the same time, this whale also holds many short positions in other altcoins such as ENA, ZRO, XLP...

If you shorted ZEC at $184, could you weather the price surge of ZEC?

News is for reference, not investment advice. Please read carefully before making a decision.