On February 2, a significant development was reported by Hyperinsight regarding a prominent ZEC short seller. According to BlockBeats, the address known for its large-scale short positions on ZEC has initiated a new short position on XMR. The address, identified as 0xd475…, has opened a short position of 2,500 XMR, valued at approximately $1.0009 million, with an opening price of $708.78.
The current liquidation price for this position is set at $10,633.86, while the market price of XMR stands at $400.37, indicating that the short position is currently in a profitable state.
This address gained notoriety for establishing substantial short positions on ZEC, starting at a price of $184, and at one point, experiencing a floating loss of $21 million before turning profitable. Presently, the address also holds significant short positions in ETH and MON.