Shorting ZEC at 184 can ride out the turnaround and still turn profitable; now short GOOGL and go long the S&P—hedging is playing it perfectly.

Crypto World News: the whale increased its short position on GOOGL by 1,200 contracts, worth approximately $426,589, bringing its total position size to $3,740,445. The average price has fallen from $382.43 to $380.24. Currently, this short position’s profit and loss is +$176,068.70 (+9.36%), with the current price at $363.15 and the liquidation price at $519.71. This address started shorting ZEC from $184; it previously floated a loss of $21 million, then turned things around to profit, and has recently become the largest long position in the S&P 500, with a size of over $70 million.