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$ZEC’s biggest short reportedly surrendered after a brutal squeeze.
On-chain data says Garrett Jin closed 38K ZEC shorts within 90 minutes on Sept. 21, taking an estimated $35.44M loss. The position entered near $656 and exited around $1,459 as ZEC surged 178% in a month.
However, he reportedly still holds ~202K ZEC spot, worth $300M+, making the short a potential hedge. ZEC now trades around $1,514–$1,535, with $1,540–$1,600 resistance and $1,470–$1,490 support.#CryptoCapReclaims2.8T
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