"The 'ZEC Max Short' has hit the take-profit target on an ETH short position of around $3.11 million, with the current unrealized gain still at $18.43 million"
BlockBeats News, February 1st, according to Hyperinsight monitoring, the "ZEC Largest Short" address (0xd475) partially took profit on its ETH short position, reducing 967.68 ETH short positions in the short term, worth about 3.11 million U.S. dollars. After the reduction, the ETH short position of the address still amounted to 53.55 million U.S. dollars, with the current unrealized profit of about 18.43 million U.S. dollars.
This address is known for establishing a large short position on ZEC, initially shorting ZEC from $184 and turning losses into gains after being down $21 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
“Bull” Ed Yardeni: Inflation may cool down, and a 5% yield makes the ten-year US Treasury quite attractive
Yardeni believes that the yield on the US 10-year Treasury bond, approaching 5%, already presents significant investment appeal, provided that productivity improvements can help moderate inflation. He anticipates that inflation will remain between 2% and 2.5% over the next decade, with a real return of around 2.5%. A Democratic sweep in Congress has boosted US Treasuries, pushing the 10-year yield down to 4.87%, the lowest level since September 10.
BUZZ - Gold price hits two-week high as gold mining stocks rise
BUZZ - Streetscape: McDonald's refreshes the "Golden Arches"
Crypto prices
More
