"The 'ZEC Maximalist Short' Opens a Position and Heavily Acquires ETH Longs, Reaching a Position Size of $2.12 Million"

BlockBeats News, February 3rd, according to Hyperinsight monitoring, the "ZEC Largest Short" address (0xd475...) conducted a series of intensive operations on its ETH long position in about half an hour, including opening new positions, unwinding, and rolling positions, rapidly increasing the position from zero to about $2.12 million.

The address first opened a long position for 442.42 ETH (about $1.03 million) at 15:47. Subsequently, from 16:01 to 16:33, it executed 5 consecutive unwinding and rolling operations, accumulating an additional 780 ETH. After multiple increases, its ETH long position's total value reached $2.1216 million, with an average position price of about $2,320.96. Currently, the position is in a slightly profitable state with floating gains.

This address is renowned for establishing a large-scale short position on ZEC, starting to short ZEC from $184, once experiencing a floating loss of $21 million, which later turned into a profit.