$ZEC $MON The giant whale shorts against the trend and increases ZEC positions! Is it a hard hold or is there another layout? Will retail investors follow?

Just now, a dynamic on-chain event is worth the attention of all players: the giant whale, known as the "largest short seller of ZEC" on Hyperliquid, surprisingly didn't back down when ZEC continued to rise, and within an hour, added nearly $1.72 million to the short position!

This operation is a bit of a "drama queen" — he started shorting back in October when ZEC was over $180, and his average price has been raised to $412, with floating profits shrinking rapidly from $3.3 million yesterday to only $300,000, equivalent to watching $3 million evaporate. This clearly indicates that he is hard holding against volatility, averaging down costs, and playing a long-term game.

But this also reveals a key signal: large funds are not afraid of short-term rises and even dare to add to shorts during the uptrend, indicating that their layout may be for a longer-term trend or they have other hedging methods. At the same time, he made a huge profit of $6.22 million in ETH, using profits to withstand the volatility of ZEC, which is not an operation that ordinary retail investors can replicate.

So what should retail investors do? Remember three things:

Don't blindly follow the giant whale — his positions and capital are not something you or I can compare to, hard holding against volatility could lead to immediate exit.

Pay attention to the long and short game hot zones — ZEC 410-420 has become an important psychological level, short-term volatility may intensify, remember to test the waters with light positions.

Widen your perspective — this giant whale is also shorting MON and ETH, indicating that the overall market is still in a high-level oscillation stage, altcoins have many volatility opportunities, but be sure to set stop-losses.

In summary, the giant whale's performance is very exciting, but we watch the show without getting involved. Stay calm, control your positions, follow trends rather than blindly following, so you can maintain your footing in this wave of market movement and capture your own opportunities.

I am Zhu Long, focusing on on-chain data and market psychology. Follow me to see the direction of large funds and calmly respond to every wave of market movement. #加密市场观察 #巨鲸交易