According to Mars Finance, Hyperinsight monitoring shows that the address with the largest ZEC short position (0xd475) partially closed out its ETH short position, reducing its short position by 1,055.93 ETH, worth approximately $3.02 million. After the reduction, the ETH short position still stands at $118.7 million, with a current floating profit of approximately $11.04 million. This address is known for building large short positions in ZEC, having previously short ZEC at $184, incurring a floating loss of $21 million before turning a profit.
ZEC's largest short seller closed out their ETH short positions, netting approximately $3.02 million in profit; current unrealized gains still exceed $11 million.
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