Whales frequently roll over and add positions, with the bearish momentum for ETH, ZEC, and MON continuing to intensify.

According to on-chain monitoring data, in the past 24 hours, this well-known large short position whale has made a series of active position adjustments. The whale first took partial profits, then quickly added to its position, demonstrating a firm bearish outlook on the downward trend.

Stop-loss and immediately rolling over positions, cost control shows skill

Last night, this address reduced its ETH short holdings by approximately 1008 ETH, locking in profits of about $3.08 million. But this was only a temporary pause—early morning, it immediately re-entered the market, lowering the average cost of ETH shorts to $3246, reflecting a “buy more on dips” strategy.

Currently, this whale’s ETH short position amounts to $132 million, with an unrealized profit of $14.23 million. This method of continuously optimizing costs through rolling over positions indicates that the large holder remains bearish on the market.

Multiple cryptocurrencies advancing simultaneously, ZEC and MON become new focal points

In addition to continuously increasing ETH shorts, the whale’s actions on ZEC and MON are even more noteworthy. Its total ZEC short position has reached $20.29 million, with an average price of $419, currently at an unrealized loss of about $4.48 million. The MON short position stands at $6.67 million, with an average price of $0.0304, and an unrealized profit of approximately $2.95 million.

Monitoring shows that this address has been continuously adding to ZEC and MON shorts in December. Compared to the frequent operations since October, it indicates that this whale has a long-term bearish deployment on these two tokens—having adjusted positions in mid-December (reducing from $16.5 million to $9.1 million), and recently adding more.

Total holdings hit new highs, the three major tokens’ largest short positions confirmed

Overall, this whale’s short empire continues to expand. Its total short holdings have risen from $113 million to $163 million, making it the largest short position holder in the market for ETH, ZEC, and MON.

This large-scale, multi-asset short allocation, combined with rolling over positions for cost optimization, is undoubtedly preparing for a possible downward trend. Market participants should closely monitor the movements of such whales as an important reference for gauging market sentiment.