"ZEC's largest short" takes profit on ETH short position of approximately $3.13 million and adds some funds to DASH long position

BlockBeats News, January 23 — According to Hyperinsight monitoring, the “ZEC Largest Short” address (0xd475…) partially took profits on its ETH short position, reducing its ETH short by 956.37 ETH, worth approximately $3.13 million. After the reduction, the ETH short position still amounts to $130 million, with current unrealized profits of about $14.3 million.

Within the following half hour, the address continuously increased its DASH long position, adding 4,476.76 DASH longs, valued at about $440,000. This operation increased its DASH long holdings to $1.85 million.

This address is known for establishing large-scale short positions on ZEC, having shorted ZEC starting at $184, and turning a profit after an unrealized loss of $21 million.