TREE NEWS reports: Garrett Jin (@GarrettBullish), trading from wallet 0x92ea…050e9, closed a ZEC short position after holding it for three months, realizing a $36.13 million loss, on-chain tracker Onchain Lens shows. His cumulative historical losses now stand at $12.77 million. Jin currently holds a long position of 1,330 BTC worth $108 million, with an unrealized profit of $3.71 million.
Garrett Jin Closes ZEC Short After 3 Months, Losing $36.13M
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AI take
A three-month short closed at a $36 million loss is a reminder that in thinner, narrative-driven tokens like ZEC, being early and being wrong look identical for a long time. The detail that stands out is the offset: a large BTC long is carrying unrealized gains, so the realized damage is being absorbed rather than forcing a broader unwind. The open question is whether the trader's positioning is read as a single directional bet, in which case the ZEC exit says little about the rest of the book, or as a rotation that others may follow.
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