BlockBeats News, February 2 — According to Coinbob’s popular address monitoring, the “ZEC Largest Short” has been actively taking profits on its ETH short positions from February 1 to 2, reducing its holdings by over $40 million. Its ETH short position has rapidly decreased from approximately $57 million to $9.5 million, a reduction of nearly 80%. Currently, this position has an unrealized profit of about $4.2 million (662%), with an average entry price of $3,235. This week, the address has accumulated a total profit of $15.5 million, previously being one of the largest on-chain ETH shorts.
This address is known for establishing large-scale short positions on ZEC, having started shorting ZEC at $184, during which it experienced an unrealized loss of $21 million, but later successfully turned the position into a profit. It still holds short positions in ETH, ZEC, and other assets, and this consecutive profit-taking may be an active move to realize gains.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Best Crypto to Buy Now Before the Next Leg: PEPE and Ethereum Are Top Performers But Cannot Match Pepeto’s Three Infrastructure Products
The crypto market continues stabilizing, fueled in part by Ethereum’s ongoing upgrades aimed at boosting speed and user experience. Meanwhile, meme coins have pulled back from recent levels, causing a rotation that many traders are now watching closely, according to CoinDesk.
At the same
CaptainAltcoin25m ago
BlockDAG News: Ethereum Scaling Warnings Intensify As DOGE, SHIB, and PEPE Holders Rotate Into Pe...
Ethereum researchers are warning about growing technical strain, and those warnings are spreading into BlockDAG news across the market. As Ethereum complexity rises, newer designs are gaining attention, according to CoinDesk.
In environments like this, meme coin holders focus less on protocol
BlockChainReporter1h ago
A certain institution's highly leveraged long position has unrealized gains exceeding $23.5 million, with ETH holdings showing profits of $20.09 million.
On March 16, Onchain Lens data showed that a certain institutional address held highly leveraged long positions during the market recovery, with unrealized gains exceeding $23.5 million. Among these, ETH and BTC holdings were 70,000.7 coins and 700 coins respectively, with recent accumulated profits reaching $15.5 million.
GateNews1h ago
Shiba Inu Price Prediction: Trend Research Increases ETH Holdings to $1.8 Billion As Pepeto’s PEP...
Jack Yi, founder of Trend Research, is determined to continue stockpiling Ethereum ahead of the 2026 cycle, stating that more financial and regulatory tailwinds will propel asset prices this year, according to CoinDesk.
Amid this institutional conviction, Pepeto, led by the PEPE cofounder who
BlockChainReporter1h ago
Whale Closes ETH Long Position at $900K Loss After 138 Days
Gate News bot message, a whale has closed its $ETH long position, recording a loss of $900K after maintaining the position for 138 days.
The whale continues to hold long positions in $SOL and $PUMP with 2x leverage, and $XPL with 3x leverage, currently showing an unrealized loss exceeding $5.16M.
GateNews1h ago
