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"The 'ZEC Maximalist Short' took profit on the ETH short position, realizing about $3.13 million in gains, and allocated some of the funds to a long position on DASH."

2 hours ago

On January 23, monitoring data from HyperInsight (via its Telegram channel @HyperInsight) shows the address holding the "largest ZEC short position" (0xd475...) partially closed its ETH short to lock in profits. It reduced its ETH short by 956.37 ETH—worth roughly $3.13 million. After the cut, the address’s remaining ETH short totals $130 million, with an unrealized profit of ~$14.3 million. Within the next 30 minutes, the address continuously added to its DASH long position, increasing it by 4,476.76 DASH (valued at ~$440,000). This pushed its total DASH long to $1.85 million. Notably, this address is known for building a massive ZEC short: it started shorting ZEC at $184, turning a $21 million loss into a profit.
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