ChainCatcher reported, citing monitoring from Onchain Lens, that Garrett Jin, described as the “BTC OG insider whale,” has further increased his 2x leveraged ZEC long position. The position has now grown to 46,013 ZEC, with an estimated value of about $19.3 million based on the monitoring data.
The ZEC long position is currently carrying an unrealized loss of more than $950,000. A 2x leveraged long position reflects a directional trade on ZEC price appreciation, with gains or losses changing at the leverage multiple as the underlying asset price moves.
In addition to the ZEC exposure, Garrett Jin’s previously established 5x leveraged Bitcoin long position remains open. That BTC long currently consists of 1,268 BTC and has an unrealized loss of more than $14.86 million. The reported figures are based on Onchain Lens tracking of the relevant address activity and position changes.