Zcash (ZEC) Surge Forces Whale to Realize $3M+ Loss on Short Position

As Zcash extends its upward momentum, whale wallet “0xd63” has scaled back its bearish exposure by closing the majority of its short position, locking in losses of more than $3.27 million.

However, a smaller portion of the short position remains open and continues to hold an unrealized loss of over $745,000.

In contrast, another market participant known as “Evaded” is benefiting from the move, with unrealized gains now exceeding $7.3 million across positions in ZEC and HYPE.

Source: Onchain Lens and HyperDash