"ZEC maximum short" partially takes profit on MON short positions, cashing out nearly $1.47 million

BlockBeats News, January 12 — According to Hyperinsight monitoring, the whale address labeled as “ZEC Largest Short” (0xd47…) has partially taken profit on its MON short position, reducing approximately 44.75 million MON short tokens, worth about $1,468,600.

After this operation, the MON short position size decreased to $441,460. The profit realized from this take profit is approximately $62,120, with a return of 42.21%. The average entry price for this position was $0.03, and the current liquidation price is $0.243.

This address is known for establishing large-scale short positions on ZEC, having started shorting ZEC at a price of $184, during which it experienced an unrealized loss of $21 million. It later turned losses into profits. Currently, it still holds substantial short positions in ETH and MON.