ZEC's maximum short position profit-taking for ETH short positions is approximately 3.02 million USD, with current floating profits still exceeding 11 million USD
According to Hyperinsight monitoring, the 'ZEC largest short' address (0xd475) executed partial profit-taking on its ETH short position, temporarily reducing its short position by 1,055.93 ETH, worth approximately 3.02 million dollars.
After the reduction, the size of the ETH short position remains as high as 118.7 million dollars, with current floating profits of about 11.04 million dollars. This address is known for establishing large short positions on ZEC, having started shorting ZEC at 184 dollars, turning a loss of 21 million dollars into a profit.
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