Garrett Jin increases his long position in ZEC, incurring a paper loss of over $950,000.

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Garrett Jin increased his leveraged 2x Longing ZEC position to 46,013 ZEC, worth $19.3 million, while his temporary losses exceeded $950,000.

Onchain Lens stated that he still holds a Longing position of 1,268 BTC with 5x leverage. This position is currently recording a temporary loss of over $14.86 million.

The figures above indicate that his Derivative portfolio continues to face significant pressure. The exact timing of opening the position and the specific entry price are currently unclear.

There are currently no further details on how these positions were adjusted after the increased losses. The data mentioned only reflects the status under observation at the time of publication.

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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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