In-Depth Analysis: Mysterious Whale Aggressively Bets Against Altcoins

According to recent monitoring data, a mysterious crypto whale known as '山寨空军车头' has been aggressively increasing short positions on ZEC and other altcoins, drawing widespread market attention. In just the past hour, the address added approximately 2,024 ZEC, worth around $920,000. Its total ZEC short holdings have now climbed to $1.51 million, with an average entry price of about $480 and unrealized profits of around $94,000.

Diversified Short Strategy Across Multiple Assets

Notably, the address has also increased short positions on BTC and DOGE. Its BTC short holdings now total $8.2 million with an average price of $91,800, while DOGE shorts amount to $1.62 million at an average price of $0.147.

Proven Track Record of Strategic Execution

  • Since November, the address has established short positions across more than 20 altcoins
  • Initial holdings valued at about $20 million have now expanded to $56.5 million
  • Annual profits from these positions exceed $80 million
  • Currently holds the largest LIT short position on Hyperliquid

This account demonstrates sophisticated trading patterns and longer holding periods, indicating strong capital backing and market insight. Its ongoing accumulation suggests a cautious outlook on the mid-term prospects of the altcoin market.