"ZEC's largest short position" fights on with ample ammunition again, pouring funds until reaching a scale of 12 million to offset unrealized losses.

BlockBeats News, May 6th, according to Hyperinsight monitoring, during the significant rebound of ZEC prices, “ZEC’s largest short position” was forced to resort to old tactics, restarting the scaling-in and averaging mode, continuously increasing short positions at a rate of about 2,000 coins per hour (approximately $1 million).

The scaling-in continued until four hours ago, with the short position now increased to $12.6 million, the average price rising to $461, and an unrealized loss of about $2.4 million. This round of short positions was opened on March 10th, at an entry price of about $210, just near a recent low point.

The address is named after its activity on October 10th last year, when it shorted ZEC at an opening price of $184, continuously adding to the position to average up the cost, with unrealized losses reaching as high as $21 million, but with sufficient funds to average down the price to $419, eventually closing the position in December with a profit.

Address: 0xd47587702a91731dc1089b5db0932cf820151a91