Major Short Position Emerges in Crypto Market
Hyperinsight's February 2 monitoring data revealed new activities from the anonymous address (0xd475…), well-known for its ZEC shorting history. The address recently established a $1.009 million XMR short position with a total volume of 2,500 XMR at an average entry price of $708.78.
Risky Leverage Play
Notably, this position has a liquidation price at $10,633.86 while XMR's current market price stands at $400.37. This structure indicates potential forced liquidation risks under extreme market conditions. Fortunately for now, the position is generating unrealized profits.
Legendary Short-Seller's Market Impact
The address gained fame through sustained shorting operations in the ZEC market. Historical records show it started building ZEC short positions at $184, enduring up to $21 million in floating losses before eventually turning profitable. Currently, the investor maintains substantial short positions in both ETH and MON markets, with trading moves continuously drawing market attention.
- Position Size: 2,500 XMR
- Entry Value: $1.009 million
- Current Status: Profitable
- Historical Major Trade: ZEC Shorting