ZEC tops $1,200 as Garrett Jin’s short position loses over $25 million

Sep 6, 2026 09:25 (48d ago)

ZEC’s rise above $1,200 increased losses on Garrett Jin’s short position.
32,760 ZEC were valued at about $39.5 million, with losses exceeding $25 million.
TradingBeats put the position’s liquidation price at $2,571.47 on Sept. 6.

ZEC’s move above $1,200 left the 32,760-coin short position held by Garrett Jin, agent for the “BTC OG Insider Whale,” with an unrealized loss exceeding $25 million. TradingBeats valued the position at about $39.5 million and gave its liquidation price as $2,571.47. A short position bets on a price decline, so rising ZEC increases losses and can trigger liquidation when the specified threshold is reached.

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