Whale Entity Garrett Jin Faces $25.7 Million Unrealized Loss on ZEC Short Position

On-chain analyst EmberCN reported that the whale entity Garrett Jin has incurred an unrealized loss of $25.7 million as ZEC prices surged past $1,200. The entity opened a short position on 32,760 ZEC at an average price of $444 in early July. Despite holding a long position in BTC worth $107 million with an unrealized profit of $4.42 million, the entity has paid $2.05 million in cumulative funding fees.