ZEC whale continuously adds to short positions, going all-in with 2x leverage to short 5,000 coins

【Blockchain Rhythm】An interesting phenomenon has been observed. On January 8th, a whale address that consistently shorted ZEC made another move—adding to its short position. This time, it used 2x leverage to short 5,000 ZEC, approximately $2.01 million USD. The entry price was set at $499.32, and the current unrealized profit shows $490,000 USD.

Looking at the historical records makes it even more interesting. This address has shorted ZEC seven times, never taking a long position, essentially maintaining a purely bearish mindset. However, this persistence has come at a cost—total losses have reached $508,000 USD. Despite this, the whale continues to add to its position. This resolute bearish attitude, regardless of ZEC’s future movement, has become an intriguing point of observation in the market.