Reopening of the short selling center in ZEC with leverage

On January 28, a notable address known for its large short selling positions in ZEC reopened its short position, according to BlockBeats. The address, known as 0xd475..., has established a new short position in ZEC with a leverage of 5x, totaling approximately 2,822 ZEC. The average opening price for this position is $391, and it is currently facing a slight floating loss. At the time of reporting, the address continues to increase its short position.

This address has gained recognition due to its large short positions in ZEC, having previously started short selling ZEC at a price of $184. During that time, it faced a floating loss of $21 million before closing the position with profits. Currently, the address holds a large short position in ETH, worth $80 million.

$ETH