ZEC's first long position reduces holdings to take profit; unrealized gains once shrank by 90% before rebounding.

Odaily Planet Daily reports that according to hyperbot data, the largest long position holder of ZEC has initiated a reduction in their holdings, decreasing from 60,000 to 55,000 coins. The account is currently unrealized with a profit of $5.15 million, with an average entry price of $555, a liquidation price of $513, and a position value of $35.7 million. Notably, the account’s unrealized gains have plummeted from a peak of $12 million to less than $1 million, a decrease of over 90%, but later recovered to $5.15 million following ZEC’s rebound. After experiencing intense volatility, the whale chose to reduce their position to take profits, possibly to avoid further significant profit retracement.