ChainCatcher reported that Garrett Jin, an agent for the entity referred to as the “1011 insider whale,” has reduced a short position in ZEC. The report, citing on-chain data monitoring, said the position had been cut by about 7,000 ZEC through short-position closures as of the time of publication. Jin’s remaining ZEC position, held with 3x leverage, had fallen to 32,759.57 ZEC. The position was valued at approximately $38.26 million, while its current unrealized loss stood at $19.32 million. The information describes the position size, leverage, estimated value and unrealized loss at the time of the report. ChainCatcher did not provide additional details in the supplied news item about the identity of the “1011 insider whale,” the trading venue, the entry price or the timing of the original position. The report only stated that Jin had just reduced the ZEC short position and that the reduction totaled about 7,000 ZEC.
ChainCatcher reported, citing on-chain data monitoring, that Garrett Jin, an agent for the “1011 insider whale,” has reduced a ZEC short position by about 7,000 ZEC through short-position closures.
Jin’s remaining 3x-leveraged ZEC position has fallen to 32,759.57 ZEC. Its value is approximately $38.26 million, with an unrealized loss of $19.32 million.
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