ZEC Short Position Reopened with Leverage

On January 28, a notable address known for its significant short positions in ZEC has reopened its short position, according to BlockBeats. The address, identified as 0xd475..., has established a new ZEC short position with a 5x leverage, totaling approximately 2,822 ZEC. The average opening price for this position is $391, and it is currently experiencing a slight floating loss. As of the time of reporting, the address continues to increase its short position. This address gained recognition for its large-scale short positions in ZEC, having previously started shorting ZEC at a price of $184. During that period, it experienced a floating loss of $21 million before closing the position at a profit. Currently, the address holds a substantial short position in ETH, valued at $80 million.