Whale Garrett Jin's Large ZEC Short Order Details
According to on-chain monitoring by EmberCN, whale entity Garrett Jin placed a short order for 21,730,000 worth of ZEC on Hyperliquid about 30 minutes ago at a price of $418.9 per ZEC. As of now, approximately $4.93 million of the order has been filled, leaving about $16.8 million in pending orders waiting for execution.
Should the entire order be filled, this address would become the largest ZEC holder on Hyperliquid, highlighting a strong bearish stance on ZEC's short-term price trajectory.
Same Address Also Holds BTC Long with Significant Unrealized Loss
In addition to the new ZEC short, the whale address also holds a BTC long position: 1,270 BTC opened at $76,117 each, representing a notional value of roughly $96.54 million. Based on current market prices, this long position is showing an unrealized loss of about $20.15 million.
The ZEC short operation may serve as a hedge or a bet against ZEC price declines, but the overall portfolio indicates divergent views on major cryptocurrencies by this whale.