Whale moves: ETH short positions increase to $132 million, ZEC and MON are also following suit by adding positions

RektRecovery · 2025-12-30T04:04:12+00:00

A whale known as the "ZEC largest short" has been actively trading recently. After taking profits from some ETH short positions, it rebuilt its position. It now holds $132 million worth of ETH short positions, and has increased its short positions in ZEC and MON. The total short position has reached $163 million, making it the largest short player across multiple cryptocurrencies.

RektRecovery

2025-12-30 04:04:12

Abstract generation in progress

【Blockchain Rhythms】Another big move. This whale, labeled as the “ZEC largest short seller,” has been actively trading recently, and its actions are quite interesting.

Last night, it took partial profits on ETH shorts, reducing its position by 1008 ETH, directly harvesting about $3.08 million in profit. But this isn’t the main point—what’s next is the key. In the early morning, the whale didn’t stop; instead, it re-entered the market, lowering the average cost of its ETH short position to $3,246. Currently, its total ETH short position has reached $132 million, with unrealized gains of $14.23 million.

At the same time, the whale is also increasing its short positions on ZEC and MON. For ZEC, the short position has grown to $20.29 million, with an average price of $419, currently showing an unrealized loss of about $4.48 million. For MON, the short position is $6.67 million, with an average price of $0.0304, and an unrealized profit of $2.95 million. It continues to add to these positions.

Interestingly, this address has been shorting ZEC since October, with frequent trades. On December 17, it even reduced its ZEC short from $16.5 million to $9.1 million, and now it has increased again. Overall, its total short position has grown from $113 million to $163 million. Currently, this whale has become the largest short player across ETH, ZEC, and MON.

ETH-1,05%

ZEC2,16%

MON-7,64%

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gas_fee_therapist

· 5h ago

This whale is really ruthless, a 132 million ETH short position was directly dumped, so bold. Why are you still adding to your position? ZEC this loss is so tragic, why not just run? The bears are so fierce, will there be a reverse liquidation later? I'm a bit scared. This guy really believes in shorting, keeps adding to his position, I’m impressed. 142.3K floating profit, holding it makes me uneasy, it was time to take profit and secure the gains. ZEC lost so much but still dares to continue, this is gambler's mentality. ETH can drop to an average entry price of 3246, which shows this whale has been waiting quite a while. Anyway, I can't understand it, it feels a bit fierce. If this position reverses, it’s all over. MON is still making money, ZEC this move is really bold, holding losses and adding more, a bit crazy. A 3.08 million take profit was immediately poured into 132 million, this is called greed is never satisfied.

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StakeOrRegret

· 5h ago

This whale play is a bit ruthless, taking profits and then turning around to dump again. Aren't they afraid of a reverse wave? Short positions added up to 132 million, how bearish is that... A floating profit of tens of millions is indeed tempting, but on the ZEC side, they lost nearly 5 million and are still stubbornly holding on. That kind of conviction is rare. MON, on the other hand, is making money. It seems not all short positions are the same, the difference is so big? I feel a bit sorry for this guy's risk management... They do have some skills, but this trading rhythm feels a bit heady.

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StopLossMaster

· 5h ago

This whale is really bold. Increasing the short position to 132 million and still throwing money in, aren't they afraid of being liquidated? Speaking of which, ZEC with an unrealized loss of 4.48 million didn't run. They must really trust themselves... Still operating in the early hours, this pace is quite intense, better to be cautious. 132 million ETH short position, is this betting on a big dump or is there some insider information? MON rose and still added to the short? I'm starting to suspect this whale might have misread the direction. This trading style is a bit crazy, chasing high shorts... uncomfortable. Trading contracts is indeed exciting, but if the market moves against this scale, it could explode immediately.

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CommunitySlacker

· 5h ago

This whale is really bold, taking profit and then doubling down on the position. Are they confident that ETH won't rise? A short position on ETH worth over 100 million, with unrealized profits of more than 14 million. Their move is truly extraordinary; ordinary people can't afford to play at this level. On the ZEC side, they lost nearly 5 million but still kept adding. How bearish do you have to be to do that? You have to trust your judgment. Monero is making money, but overall, this combination of tactics mainly bets on ETH falling. Can this move succeed? The key is, it seems like all the whales are now shorting. The atmosphere feels a bit strange.

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StableGenius

· 5h ago

lol this whale's literally printing money while we're all stuck bag holding. that 1.32B ETH short tho... actually, lemme explain why this is exactly what we predicted would happen back in march. empirically speaking, the risk-adjusted thesis here is fundamentally sound & contrary to popular belief, this isn't even aggressive positioning yet.

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