Data: Traders who were "firmly short ZEC" reduced their ZEC short positions and took profits, currently showing a floating profit of $230,000.

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According to Mars Finance, Hyperinsight monitoring shows that the trader "Stubbornly Short ZEC" (0x7eb90) reduced their ZEC short positions, realizing a profit of $288,300. They are currently still short 3,000 ZEC (approximately $1.18 million) with 2x leverage, at an average entry price of $472.91, with a floating profit of $230,000. Previously, this address had short ZEC seven times without ever long, accumulating losses of $508,000.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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