Garrett Jin Adds to His Short! $ZEC 456 Long-Short Duel Intensifies!


Brothers, ZEC is trading at 456 now, and the long-vs-short battle is getting more and more intense.
News:
Short side adds more: Garrett Jin increased his ZEC short position to 32,759 coins, worth $14.9 million. Previously, he added on top of his $21.73 million short order, showing a strong conviction to short.
Long-vs-short duel: Earlier, the long-side whale built positions at $410–$416, still sitting on an unrealized gain of about 10%. Garrett Jin also holds a 5x BTC long position, with an unrealized loss of over $16.38 million—shorting ZEC may be part of a hedging strategy.
Technical Analysis:
Current price: 456. It has broken below the BOLL middle band at 460, and the MACD death cross has turned negative.
Resistance overhead: 460–467; if it breaks out, look for 476.
Support below: 454; if this level is lost, look for 440.
Gongming’s View:
Garrett Jin, as a “BTC OG insider whale,” has historically had a decent win rate. But with his BTC long position suffering a massive loss, it’s not ruled out that adding to the short position is to hedge. In the short term, the technical picture is weak—waiting for a pullback and stabilization is a safer move.
Trading Strategy:
Aggressive: go short with a light position around the current price of 456;
Conservative: wait for a drop below 454, then look to go long at 440–445.
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