Short ZEC trader reduces position again: single trade profit of $288,300, still holding 3,000 coins at 2x leverage

【BlockBeats】On-chain data shows that a trader (address 0x7eb90), known for “steadfastly shorting ZEC,” has recently made a big move again. On January 12th, this trader chose to reduce some of their ZEC short positions, earning a profit of $28.83 million in a single trade.

However, it seems they are not planning to completely exit this bet — they are still holding a short position of 3,000 ZEC with 2x leverage, with a position size of approximately $1.18 million. Interestingly, the average entry price for this position was $472.91, and the current unrealized profit has already reached $2.3 million, making the position look quite good on paper.

What is particularly impressive is this trader’s persistence in shorting. Looking back at the records, this person has shorted ZEC seven times and has never switched to a long position — demonstrating how firm their stance is. However, it hasn’t been all smooth sailing; they have accumulated a total loss of $5.08 million in the past. The recent profit of $2.883 million can be seen as some compensation. Such continuous, strategic large-position adjustments are worth paying attention to for market participants.