"The 'ZEC Whale Short' Partially Takes Profit on MON Short, Cashing Out Nearly $1.47 Million"

BlockBeats News, January 12th, according to Hyperinsight monitoring, the whale address identified as the "ZEC Largest Short" (0xd47...) partially closed its MON short position to take profit, reducing about 44.75 million MON shorts, worth approximately $1.4686 million.

After this operation, the MON short position size dropped to $4.4146 million. The profit from this partial closure was approximately $0.6212 million, with a return rate of 42.21%. The average holding price of this position was $0.03, with the current liquidation price at $0.243.

This address is known for establishing a large short position on ZEC, starting to short ZEC from $184. At one point, it faced a floating loss of $21 million but later turned the loss into profit. Currently, it still holds a massive short position on ETH and MON.