Whale Loses $1.6M on ZEC Short Position After $3.2M Long Profit

Gate News bot message, a whale closed its $ZEC long position with $3.2M profit, then opened a $ZEC short position and closed it at a $1.6M loss an hour ago, losing 50% of the $ZEC profit. The whale previously lost $7.7M on $BTC trading.

According to Onchain Lens on December 27, 2025, as $ZEC traded above $500, a whale holding a $ZEC (3x) long position had a floating profit of over $5M, though the whale's portfolio still showed an overall loss of over $2M.