Address Known as ZEC's Largest Short Closes Partial ETH Short Position Worth $3.11M

On February 1, the address labeled as ZEC's largest short (0xd475) closed part of its ETH short position by taking profit on 967.68 ETH worth roughly $3.11M, Hyperinsight data cited by BlockBeats show. The address retains about $53.55M in ETH short exposure with unrealized profit of around $18.43M. The same address previously built a large short position in ZEC that began at $184 and once showed a $21M unrealized loss before turning profitable.