On May 12, according to Hyperinsight monitoring, ZEC retreated from its peak to around $550. The "ZEC largest short" continued to cut losses and reduce ZEC short positions in the afternoon, with a total closing scale exceeding $5 million. This address previously held a ZEC short position worth $12.6 million; after reducing, the remaining position is about $8.02 million, with an unrealized loss of approximately $1.17 million.

This short position was opened on March 10 at an average price of about $210, close to the recent low point. It once had an unrealized loss of up to $2.4 million, enduring months of stubborn holding until ZEC experienced a phased rebound.

The margin released from reducing the ZEC short was quickly redirected by this address to short BTC and ETH: the BTC short was opened with 20x leverage on 160 coins, briefly pushing the scale to $13 million, with an average price of $80,441; the ETH short was opened with 15x leverage on 1,866 coins, with a scale of $4.27 million, at an average price of $2,286. As of the time of writing, both short positions are still being increased.

Address: 0xd47587702a91731Dc1089B5DB0932cF820151A91#Gate广场五月交易分享