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"The 'ZEC Maximalist Short' took profit on the ETH short position, realizing about $3.13 million in gains, and allocated some of the funds to a long position on DASH."
By: theblockbeats.news|2026/01/23 19:00:27
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BlockBeats News, January 23, according to Hyperinsight monitoring, the "Largest ZEC Short" address (0xd475...) partially closed its ETH short position to take profit, reducing 956.37 ETH shorts in the short term, worth about 3.13 million US dollars. After the reduction, the size of the ETH short position still amounted to 130 million US dollars, with a current unrealized profit of about 14.3 million US dollars.
Within the next half hour, the address continuously increased its DASH long position, adding 4,476.76 DASH long positions, worth about 440,000 US dollars. This operation increased its DASH long position to 1.85 million US dollars.
This address is known for building a large short position on ZEC, starting to short ZEC from $184, turning a loss of 21 million US dollars into a profit.
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