「ZEC Maximalist Short」 Takes Profit on Nearly 80% of ETH Short Position, Weekly Earnings Reach $15.5 Million

BlockBeats News, February 2nd, according to Coinbob Popular Address Monitoring, the "ZEC Largest Short" continuously took large-scale profits on its ETH short position from February 1st to 2nd, reducing its holdings by over $40 million. Its ETH short position has rapidly decreased from about $57 million to $9.5 million, a reduction of nearly 80%. The current unrealized profit of this position is about $4.2 million (662%), with an average price of $3235. This address has accumulated a profit of $15.5 million this week and was previously one of the largest ETH shorts on-chain.

This address is known for establishing a large short position on ZEC, starting to short ZEC from $184 and once experiencing an unrealized loss of $21 million, which was later turned into a profit. Currently, it still holds short positions in assets such as ETH and ZEC, and this consecutive profit-taking may be an active profit realization.