"The 'ZEC Maximalist Short' has closed out additional short positions of approximately $1 million, bringing the total position size to $4.78 million."

BlockBeats News, March 18th, according to Hyperinsight monitoring, last night and this morning, the "ZEC Largest Short" address (0xd475...) took action again, continuously averaging down and adding to the ZEC short position by about $1.01 million. This position was initially established on March 10th. The current 5x leveraged ZEC short position is approximately 17,157 coins, equivalent to $4.78 million, with an average entry price of $231.7. The current short position is at a floating loss of $800,000 (-84%).

This address often engages in a "short struggle" in ZEC positions, previously starting to short ZEC from the $184 price level and continuously rolling over. At one point, it endured a massive floating loss of up to $21 million but later, through long-term holding and averaging down, turned the losing position into a profit. This address currently holds a $35 million short position in ETH as well, indicating an overall bearish stance.