Whale Entity Garrett Jin Increases ZEC Short Position Amid Price Surge

On-chain analyst EmberCN reported that the whale entity Garrett Jin added 7,000 ZEC (approximately $8.4 million) to its short position as the price reached $1,195. This brings the entity's total short position to 39,760 ZEC, valued at roughly $47 million. The average entry price for the short position has risen from $444 to $576.3, resulting in an unrealized loss of approximately $24 million as ZEC has surged over 200% in the past three months.