🐋 Whale Watch: The "ZEC Short King" Banks $3.11M in ETH Profits
The legendary whale address 0xd475, famous for its high-conviction short strategies, just made another move. According to BlockBeats, the address partially closed its Ethereum short position today, February 1, 2026.
📉 The $ETH Move
The whale reduced its holdings by 967.68 ETH, realizing a profit of approximately $3.11 million.
Remaining Position: $53.55 million (Short)
Floating Profit: Still a massive $18.43 million
🛡️ A History of Resilience: The $ZEC Legend
This is the same trader who gained "diamond hand" status by shorting Zcash (ZEC) from $184. Despite staring down a terrifying $21 million floating loss at one point, the address held firm until the trade turned into a major profit.
The partial close on ETH suggests a tactical de-risking or profit-taking maneuver amidst the current market volatility, but with over $50M still on the table, this whale clearly expects more downside for Ethereum.
Keep an eye on 0xd475, when this whale moves, the market feels it.
