ZEC short whale faces $26 million loss, transfers $85 million in ETH from Binance to cover margin

According to Lookonchain, a major ZEC short seller identified as Garrett Jin (@GarrettBullish) is facing over $26 million in unrealized losses on a 37,760 ZEC short position. To maintain the position, the trader withdrew 35,001 ETH, worth approximately $85 million, from Binance and deposited it into Hyperliquid.