"ZEC's largest short" takes profit on ETH short position of approximately $3.13 million and adds some funds to DASH long position

CoinNetwork · 2026-01-23T10:49:54+00:00

According to CoinWorld, the largest short address for ZEC has partially taken profit on its ETH short position, reducing 956.37 ETH, worth approximately $3.13 million, with a floating profit of about $14.3 million. At the same time, this address increased its DASH long position to $1.85 million, indicating that it continues to actively operate in the digital currency market.

CoinNetwork

2026-01-23 10:49:54

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CoinWorld News, January 23 — According to Hyperinsight monitoring, the “ZEC largest short” address (0xd475…) partially took profits on its ETH short position, reducing its ETH short holdings by 956.37 ETH, worth approximately $3.13 million. After the reduction, the ETH short position still amounts to $130 million, with current floating profits of about $14.3 million. Within the following half hour, this address continuously increased its DASH long positions, adding 4,476.76 DASH longs, valued at about $440,000. This operation increased its DASH long holdings to $1.85 million. The address is known for establishing large-scale short positions on ZEC, having started shorting ZEC at $184, and turning a loss of $21 million into a profit.

ZEC1.29%

ETH0.21%

DASH8.07%

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