"ZEC's Largest Short" Averaged Down and Added to Short Position by Approximately $1 Million, Position Size Has Reached $4.78 Million

CoinNetwork · 2026-03-18T05:13:36+00:00

According to Coin World's report, ZEC's largest short address recently added approximately $1.01 million in short positions, with current holdings of 17,157 coins and floating losses reaching $800,000. This address experienced massive floating losses during its holding period but ultimately achieved profitability through long-term holding and averaging-down strategies.

CoinNetwork

2026-03-18 05:13:36

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Crypto World News: On March 18, according to Hyperinsight monitoring, last night and this morning, the “ZEC Largest Short” address (0xd475…) acted again, continuously flattening and adding to ZEC short positions worth about $1.01 million. This position was initially established on March 10. The current 5x leveraged ZEC short position is approximately 17,157 coins, worth about $4.78 million, with an opening average price of $231.7. The current unrealized loss is $800,000 (-84%), making it the largest on-chain ZEC short. This address often “shorts aggressively” on ZEC, previously starting to short ZEC at around $184, continuously rolling over the position. During this period, it once faced a massive unrealized loss of up to $21 million, but through long-term holding and averaging down, it turned the loss into profit. Currently, this address also holds a $35 million short position on ETH, overall leaning bearish.

ZEC3.67%

ETH0.31%

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