Largest ZEC Short Position Faces $25.7 Million Unrealized Loss

As ZEC prices surged from $400 to over $1,200 within three months, whale entity Garrett Jin, the largest holder of ZEC short positions, is facing an unrealized loss of $25.7 million. The entity opened a short position of 32,760 ZEC in early July at an entry price of $444. The whale also holds a long position in BTC worth $107 million, which has generated an unrealized profit of $4.42 million, though it has incurred $2.05 million in funding fees.