The "biggest short seller of ZEC" once again stubbornly held on with ample ammunition, pouring in enough funds to reach a position size of 12 million to average down his unrealized losses.

According to ME News, on May 6th (UTC+8), Hyperinsight monitoring showed that during the significant price rebound of ZEC, the "largest ZEC short seller" was forced to repeat its old tactics, restarting its averaging-down strategy. Today, it continued to increase its short positions at a rate of approximately 2,000 contracts (about $1 million) per hour. This averaging-down continued until four hours ago, when the short position size had now reached $12.6 million, with the average price rising to $461, and a floating loss of approximately $2.4 million. This round of short positions was opened on March 10th, with an entry price of approximately $210, precisely near the recent low. The address is named after October 10th of last year, when it short a short position in ZEC at $184 and continuously added to it to average down, raising the average price. The floating loss once reached $21 million, but with sufficient funds, it averaged down to $419, eventually breaking even in December. Address: 0xd47587702a91731dc1089b5db0932cf820151a91 (Source: ME)