## Large Volume Trader ZEC Continues to Expand Short Positions on Three Major Tokens

According to Coinbob Hot Address Monitor, a reputable address known for its large-scale short strategy on ZEC has executed a series of significant transactions at the end of last year. Specifically, on December 30th, this trader completed a partial short position on ETH, earning approximately **$3 million** in arbitrage profits, mainly from closing 1008 short contracts at a favorable price level.

However, instead of maintaining the position, this address quickly reopened a short ETH position early in the morning, lowering the average entry price to $3246. This move indicates that the trader still maintains a bearish outlook on Ethereum (ETH), currently priced at 3.12K. Currently, the total short ETH position of this address has reached **$132 million**, with unrealized profits of $14.23 million.

In addition, position expansion activities also occurred on ZCash (ZEC). The short position on ZEC of this address now stands at $20.29 million, opened at an average price of $419. With the current price at $405.94, this position is experiencing an unrealized loss of approximately $4.48 million, reflecting ZEC's progress compared to the trader's simulation.

Furthermore, this address also maintains a short position on MON (Monad) with a size of $6.67 million, entered at an average price of $0.0304. The current MON price at $0.02 indicates this position is generating a profit of about $2.95 million.

Looking at the history, since October, this address has executed a complex short cycle on ZEC. Initially, the short size increased from $9.1 million (December 17) to the current level, indicating a long-term accumulation strategy for this token. Throughout the reporting period, the trader continued to increase short positions on all three tokens.

Notably, the total short position of this account surged from $113 million to $163 million, establishing the largest short position among the three tokens ETH, ZEC, and MON on the exchange. This activity reflects not only the trader's confidence in a downward trend but also the potential market impact of large positions on market volatility in the near future.