TechFlow News, July 6, according to on-chain analyst Ember (@EmberCN), the Garrett Jin whale entity added to its positions again 1 hour ago after establishing ZEC short positions 9 days ago. Currently, the value of its ZEC short holdings is approximately $15.08 million, with an average short entry price of $444 and a current unrealized loss of approximately $530,000.
In terms of historical trading performance, its previous two ZEC-related operations both achieved profits: first, shorting ZEC worth $36 million at $626 in late May, and closing positions after the ZEC vulnerability event caused price drops in early June, profiting $11.24 million; second, subsequently longing ZEC worth $22 million at $439, and closing positions at $447, profiting $420,000.
Additionally, affected by Bitcoin's recent rebound of over $5,000, the unrealized loss on its long-term Bitcoin long positions has narrowed from $23 million to $16 million.
