Whale moves: ETH short positions increase to $132 million, ZEC and MON are also following suit by adding positions

【Blockchain Rhythms】Another big move. This whale, labeled as the “ZEC largest short seller,” has been actively trading recently, and its actions are quite interesting.

Last night, it took partial profits on ETH shorts, reducing its position by 1008 ETH, directly harvesting about $3.08 million in profit. But this isn’t the main point—what’s next is the key. In the early morning, the whale didn’t stop; instead, it re-entered the market, lowering the average cost of its ETH short position to $3,246. Currently, its total ETH short position has reached $132 million, with unrealized gains of $14.23 million.

At the same time, the whale is also increasing its short positions on ZEC and MON. For ZEC, the short position has grown to $20.29 million, with an average price of $419, currently showing an unrealized loss of about $4.48 million. For MON, the short position is $6.67 million, with an average price of $0.0304, and an unrealized profit of $2.95 million. It continues to add to these positions.

Interestingly, this address has been shorting ZEC since October, with frequent trades. On December 17, it even reduced its ZEC short from $16.5 million to $9.1 million, and now it has increased again. Overall, its total short position has grown from $113 million to $163 million. Currently, this whale has become the largest short player across ETH, ZEC, and MON.