BlockBeats News, May 12th, according to Hyperinsight monitoring, ZEC fell from its all-time high to around $550. The "ZEC Largest Short" continued to stop-loss and reduce the ZEC short position in the afternoon, with a total liquidation scale exceeding $5 million. The address previously had a ZEC short position size of $12.6 million, and after the reduction, the remaining position is about $8.02 million, with a current floating loss of approximately $1.17 million.

The short position was opened on March 10th at an average price of around $210, coinciding with the recent near-term low. Subsequently, it experienced a floating loss of up to $2.4 million and endured for several months until the ZEC staged a partial rebound.

The margin released by reducing ZEC was quickly used by the address to short BTC and ETH: the BTC short position shorted 160 coins with 20x leverage, with a scale briefly surging to $13 million and an average price of $80,441; the ETH short position shorted 1866 coins with 15x leverage, with a scale of $4.27 million and an average price of $2,286. As of the time of publication, both short positions are still being increased.

Address: 0xd47587702a91731Dc1089B5DB0932cF820151A91