Whale Entity Sells $87.5 Million in ETH, Adjusts ZEC Short Position

A whale entity identified as Garrett Jin (0x92ea...050e) sold 35,000 ETH for $87.5 million at an average price of $2,500. Following the sale, the entity added margin to its ZEC short position, raising the liquidation price from $2,631 to $4,738. The short position currently faces a floating loss of $30 million.