“Garrett Jin Whale Entity” Adds to ZEC Short Position to $15.08 Million, with Unrealized Loss of $530,000

CoinFeed July 6 news, according to on-chain analyst Yu Jin’s monitoring, the “Garrett Jin Whale Entity” added to its short position 1 hour ago, 9 days after opening a short on ZEC. It currently holds a ZEC short position worth $15.08 million, with an average opening price of $444 and an unrealized loss of $530,000. It had two profitable trades on ZEC previously: the first was a $36 million short on ZEC at $626 in late May, which later profited $11.24 million when ZEC crashed due to a vulnerability incident; the second was a $22 million long on ZEC at $439, closed at $447 for a profit of $420,000. Additionally, its unrealized loss on its BTC long position narrowed from $23 million to $16 million as BTC rebounded over $5,000 recently.