BitForex Founder Turns Bullish on Zcash With $11.9M Long Position

Garrett Jin, founder of BitForex, has returned to trading Zcash, shifting his stance after recently closing a profitable short position.

This time, he has opened a 2x leveraged long on 27,723 ZEC, valued at around $11.9 million. The position is currently showing a loss of approximately $812,000.

The move comes just days after he exited a previous ZEC short trade that reportedly earned about $11.24 million in profit.

Source: Lookonchain