According to the blockchain transaction analysis platform, the activity of a trader known by the nickname “Short ZEC Firmly” (0x7eb90) is once again attracting attention. This trader has been steadily generating returns through a short position strategy on ZCash, and recently secured a profit of $288,830 from position adjustments.
Current Position and Profit Structure
Even after taking profits, the trader has not completely closed the ZEC short position. Currently, they are holding a short position of 3,000 ZEC worth approximately $1.18 million with 2x leverage. The average entry price for this position is set at $472.91, and considering the current ZEC price ($406.37), there is an unrealized profit of $230,000.
Trader’s Trading History and Strategy Pattern
What’s interesting is the trader’s past trading behavior. Despite executing seven short positions on ZCash, there is no evidence of long positions being taken. However, the path to current success was not smooth, as they previously accumulated losses of $508,000 in earlier trades.
After multiple attempts and adjustments, the trader has achieved the $288,830 profit, indicating a specialized approach focused on short-selling strategies.
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Short traders of ZCash (ZEC) realize a profit of $288,830 and are still holding large positions.
According to the blockchain transaction analysis platform, the activity of a trader known by the nickname “Short ZEC Firmly” (0x7eb90) is once again attracting attention. This trader has been steadily generating returns through a short position strategy on ZCash, and recently secured a profit of $288,830 from position adjustments.
Current Position and Profit Structure
Even after taking profits, the trader has not completely closed the ZEC short position. Currently, they are holding a short position of 3,000 ZEC worth approximately $1.18 million with 2x leverage. The average entry price for this position is set at $472.91, and considering the current ZEC price ($406.37), there is an unrealized profit of $230,000.
Trader’s Trading History and Strategy Pattern
What’s interesting is the trader’s past trading behavior. Despite executing seven short positions on ZCash, there is no evidence of long positions being taken. However, the path to current success was not smooth, as they previously accumulated losses of $508,000 in earlier trades.
After multiple attempts and adjustments, the trader has achieved the $288,830 profit, indicating a specialized approach focused on short-selling strategies.