$ZEC
Still adding to short position despite a $800,000 loss!
The number one ZEC short seller is going all in again,
having previously weathered a $21 million loss to turn things around!
On March 18th, Hyperinsight detected that the address known as the "largest ZEC short seller" (0xd475…) added approximately $1.01 million to its ZEC short position last night and this morning, continuing to average down its cost.
This short position was established on March 10th, currently using 5x leverage, holding approximately 17,157 ZEC shorts, with a total value of approximately $4.78 million, an average opening price of $231.7, and currently showing a $800,000 loss, a loss of 84%, still making it the largest ZEC short seller on the blockchain.
This address has always been relentlessly shorting ZEC, previously starting at $184, continuously adding to its position, reaching a maximum unrealized loss of $21 million, before finally holding on until it profited and exited.
It currently holds $35 million in short positions in ETH, and its overall strategy is bearish on the market.
#ZEC